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2021-03-30

$Palantir Technologies Inc.(PLTR)$?

2021-04-09

More patent are being filed for $Palantir Technologies Inc.(PLTR)$???

2021-04-04

$NIO Inc.(NIO)$??

2021-03-28

Omg

Zhihu Technology fall on its first day of trading

2021-03-18

Ok

A Peek Into The Markets: US Stock Futures Mostly Lower Ahead Of Jobless Claims Data

2021-04-12

$Palantir Technologies Inc.(PLTR)$???

2021-03-28

Good info.

‘Bitcoin could be next domino to fall as investors rush to book profit,’ says technical analyst

2021-03-19

Amazing

2021-03-18

Wow

Stocks cheer dovish Fed as bond rumblings return

2021-03-28

Omg.

2021-03-25

Wow

@美股研究社:看好Costco前景，Oppenheimer維持其“增持”評級至370美元

2021-03-22

https://www.reuters.com/article/us-tesla-ark-invest-idUSKBN2BC0O9

2021-03-17

Wow

Back to the '70s as Fed fuels boom and hopes for no Burns marks

2021-03-17

Good read

Sorry, the original content has been removed

2021-03-17

Wow

Tilray: Wait A Little Longer

Go to Tiger App to see more news

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Inc.(NIO)$??","images":[{"img":"https://static.tigerbbs.com/9c1ed1cf06b5897c32c4f632e7e09ab3","width":"585","height":"597"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/349936832","isVote":1,"tweetType":1,"viewCount":966,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":355813283,"gmtCreate":1617059512742,"gmtModify":1704801345942,"author":{"id":"3574311751638468","authorId":"3574311751638468","name":"Wesley1992","avatar":"https://static.tigerbbs.com/d969b7f80ab74be82071eb3266dfd02d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574311751638468","authorIdStr":"3574311751638468"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>?","listText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>?","text":"$Palantir Technologies Inc.(PLTR)$?","images":[{"img":"https://static.tigerbbs.com/33c06d040d881f6b07e4388591ba7c16","width":"764","height":"678"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/355813283","isVote":1,"tweetType":1,"viewCount":1614,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":352134643,"gmtCreate":1616904539382,"gmtModify":1704799870188,"author":{"id":"3574311751638468","authorId":"3574311751638468","name":"Wesley1992","avatar":"https://static.tigerbbs.com/d969b7f80ab74be82071eb3266dfd02d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574311751638468","authorIdStr":"3574311751638468"},"themes":[],"htmlText":"Good info.&nbsp;","listText":"Good info.&nbsp;","text":"Good info.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/352134643","repostId":"1119843211","repostType":4,"isVote":1,"tweetType":1,"viewCount":378,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":352134188,"gmtCreate":1616904524744,"gmtModify":1704799870026,"author":{"id":"3574311751638468","authorId":"3574311751638468","name":"Wesley1992","avatar":"https://static.tigerbbs.com/d969b7f80ab74be82071eb3266dfd02d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574311751638468","authorIdStr":"3574311751638468"},"themes":[],"htmlText":"Omg","listText":"Omg","text":"Omg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/352134188","repostId":"1141686975","repostType":4,"repost":{"id":"1141686975","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1616780260,"share":"https://ttm.financial/m/news/1141686975?lang=&edition=fundamental","pubTime":"2021-03-27 01:37","market":"us","language":"en","title":"Zhihu Technology fall on its first day of trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1141686975","media":"Tiger Newspress","summary":"Zhihu Technology shares opened at $8.02 each on Friday, about 15.6% lower than the company’s IPO pri","content":"<p>Zhihu Technology shares opened at $8.02&nbsp;each on Friday, about 15.6% lower than the company’s IPO price&nbsp;$9.5.Zhihu IPO prices at low end of the range, valuing company at about $5.3 billion.</p><p><img src=\"https://static.tigerbbs.com/4672a089b4ebb0a889cbfbeb32b48594\" tg-width=\"1920\" tg-height=\"959\" referrerpolicy=\"no-referrer\"></p><p>Zhihu Inc.&nbsp;announced Friday the pricing of its initial public offering, at $9.50 per American depositary share, which was at the low end of the expected range. The China-based online content company offered 55 million ADS in the IPO to raise $522.5 million, while the pricing valued the company at about $5.31 billion.</p><p>Zhihu has a similar business model as Quora where millions of people ask questions and exchange their views and experiences. Zhihu has become the largest online question and answer community in China.</p><p><b>Sales Breakdown</b></p><p>Advertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. We estimate advertising as a percentage of revenues to gradually decline in the next five years as it is offset by the faster growing Paid Memberships and Content Commerce Solutions. We estimate advertising as a percentage of sales to decline to 34.1% in 2021 and 22.3% in 2025.</p><p>Paid Memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. We have assumed Paid Membership revenues as a percentage of total revenues to increase to 31.5% in 2021 and 37.8% in 2025.</p><p>Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans. We have assumed Content Commerce Solutions as a percentage of total revenue to jump from 10% in 2020 to 17.8% in 2021 and 32.3% in 2025.</p><p><b>Gross Margins</b></p><p>The company's gross margins improved from 46.6% in 2019 to 56.0% in 2020, driven by an overall improving business scalability. We have assumed further improvements in gross margins to 57.4% in 2021 and 62.3% in 2025.</p><p><b>Total Operating Expenses and Operating Margins</b></p><p>Total operating expenses as a percentage of revenues declined significantly from 204.4% in 2019 to 100.6% in 2020. We expect this ratio to improve further to 79% in 2021, 69.2% in 2022, and 57.2% in 2025. The bulk of the improvements in operating expenses is coming from lower SG&amp;A and R&amp;D expenses as a percentage of revenues in the next five years.</p><p><img src=\"https://static.tigerbbs.com/c019cc86f4d4c1d9ffe15d3b4a4bfa75\" tg-width=\"772\" tg-height=\"480\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/ef629be32d2c34d625cb287ad648206d\" tg-width=\"757\" tg-height=\"488\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/b9561a02993fbc88c2cad88e68c08730\" tg-width=\"920\" tg-height=\"485\" referrerpolicy=\"no-referrer\"></p><p><b>Company Background</b></p><p>At the end of 2020, Zhihu had more than 43.1 million cumulative content creators that contributed 315 million questions and answers. In 4Q 2020, the company had 75.7 million average monthly active users, up 33% YoY. One of the key strengths of the company is that it is recognized as one of the most trustworthy online content communities and regarded as providing one of the highest quality content in China. Zhihu has tried to capitalize on its large user base to provide numerous multimedia functions including live streaming, e-commerce, online education, and other video content.</p><p>In August 2019, Zhihu received $434 million in funding from leading investors including Baidu and Kuaishou Technology, valuing the company at $3.5 billion. Given that the company had $97 million in sales in 2019, this would suggest a P/S valuation multiple of 36x. If we take the same P/S multiple apply to the company's 2020 sales of $207 million, this would suggest an implied valuation of $7.5 billion.</p><p>Zhihu was originally developed as a question and answer online community in 2010. At the end of 2020, there were a total of 315 million Q&amp;As spanning more than 1,000 verticals and 571,000 topics. Zhihu is one of the top five comprehensive online content communities in China, in terms of average mobile MAUs and revenue in 2020. The company uses artificial intelligence, cloud, and big data algorithms to improve the optimization of its content and services.</p><p><b>Major Shareholders of Zhihu</b></p><p>The founder &amp; CEO&nbsp;Zhou Yuanowns an 8.2% stake in the company (but 46.6% voting rights). Sinovation Ventures owns a 13.1% stake and Tencent Holdings Ltd. owns a 12.3% stake of Zhihu.</p><p><b>Key Demographics</b></p><p>The diagram below provides some of the key demographics of Zhihu user base. Males accounted for 56.9% of total users. People under 30 years old accounted for 78.7% of its total user base. Tier I and new tier I cities represented 52.6% of total user base. Many of the users of Zhihu are students and white collar professionals.</p><p><img src=\"https://static.tigerbbs.com/524d689472daad1c99491d74dfdbfe24\" tg-width=\"295\" tg-height=\"389\" referrerpolicy=\"no-referrer\"></p><p><b>Revenue Breakdown</b></p><p>Advertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. The company's advertising revenue is mainly driven by its MAUs and advertising revenue per MAU. The company's MAUs increased by 42.7% YoY to 68.5 million in 2020. The company started its online advertising business in 2016 and introduced paid content in 2018.</p><p>Paid memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. Average monthly members jumped by 311.5% YoY to 2.36 million in 2020, which is a testament of an increasing number of customers that value the premium content available on Zhihu.</p><p>In March 2019, the company introduced the Yan Selection membership program, making it the first payment-based questions &amp; answers community. It provides its members with unlimited access to about 3.4 million paid content including online lectures, columns, audio books, and e-journals. This is one of the biggest strengths of the company as it shows how high quality data and content can generate serious amount of revenues and it also provides a more steady monthly revenue inflow.</p><p>Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans, assigning the most relevant content creators to interested users, and facilitating content creation.</p><p>China's content-commerce solution market is expected to be one of the fastest growing sectors in the next several years. According to CIC Consultancy, China's content-commerce solution market is expected to enjoy a strong CAGR growth of 46.4% from 2019 to 2025 (112.3 billion RMB).</p><p><b>Market Opportunities</b></p><p><b>China’s Online Content Communities Market Size</b></p><p>Online content communities refer to UGC (user generated content)-focused (including PUGC (professional user generated content) focused online content market players where content creators are also users, who are actively engaged within the communities. The content communities generally can stimulate higher level of user engagement, more interactive user experience, and enjoy lower content cost, compared to PGC (professionally generated content) players. PGC is content created by the branded company or organization.</p><p>China's online content communities market size increased from 38.6 billion RMB in 2015 to 275.8 billion RMB in 2019 and is further expected to rise to 1.3 trillion RMB in 2025, representing a CAGR of 30.3% from 2019 to 2025, which is higher than the overall online content market growth.</p><p>China's online content community market has more diversified monetization channels including online advertising, paid membership, content e-commerce, content-commerce solutions, virtual gifting in live streaming, online games, and online education services. In comparison, the US online content community's monetization is mainly through advertising.</p><p>One of the major positives about the company is the growing trend of more Chinese consumers that are willing to pay money for higher quality content. The number of paying users in China’s online content communities is expected to increase at a CAGR of 17.1% between 2019 and 2025, which means an increase of 360.4 million extra paying users of online content communities to 588.2 million in 2025.</p><p><b>China's Online Content Market</b></p><p>China's online content market tripled from 2015 to reach 1.2 trillion RMB in 2019. This market is expected to increase to 3.7 trillion RMB in 2025, representing a CAGR of 21.4% from 2019 to 2025.</p><p><b>China’s Online Content Market Size (in terms of revenue), 2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/69a7db9cacf26245273702a255aabdb8\" tg-width=\"573\" tg-height=\"258\" referrerpolicy=\"no-referrer\"></p><p><b>Market Size of China’s Online Content Communities (in terms of revenue),2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/aee42792caf4aa2cbdcd17f757a75727\" tg-width=\"584\" tg-height=\"285\" referrerpolicy=\"no-referrer\"></p><p><b>China’s Paid Membership Market Size (in terms of revenue), 2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/77ff121d78cb1dd922d524a78570152e\" tg-width=\"520\" tg-height=\"286\" referrerpolicy=\"no-referrer\"></p><p><b>Content-commerce solutions</b></p><p>To provide integrated marketing services, the online content communities provide content-commerce solutions for content creation, content distribution, and content conversion. The company provides integrated content-commerce solutions, providing merchants and brands one-stop services for all their sales and marketing needs, from making marketing plans, facilitating content creation, assigning the most relevant content creators, to distributing to the interested users. China's content commerce solution market is expected to grow from 11.4 billion RMB in 2019 to 112.3 billion RMB in 2025, at a CAGR of 46.4%.</p><p><b>China’s Content-Commerce Solution Market Size (in terms of revenue), 2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/01a230d3fb2d4cf4aeeebfd5c3c691c3\" tg-width=\"520\" tg-height=\"269\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Zhihu Technology fall on its first day of trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nZhihu Technology fall on its first day of trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-03-27 01:37</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Zhihu Technology shares opened at $8.02&nbsp;each on Friday, about 15.6% lower than the company’s IPO price&nbsp;$9.5.Zhihu IPO prices at low end of the range, valuing company at about $5.3 billion.</p><p><img src=\"https://static.tigerbbs.com/4672a089b4ebb0a889cbfbeb32b48594\" tg-width=\"1920\" tg-height=\"959\" referrerpolicy=\"no-referrer\"></p><p>Zhihu Inc.&nbsp;announced Friday the pricing of its initial public offering, at $9.50 per American depositary share, which was at the low end of the expected range. The China-based online content company offered 55 million ADS in the IPO to raise $522.5 million, while the pricing valued the company at about $5.31 billion.</p><p>Zhihu has a similar business model as Quora where millions of people ask questions and exchange their views and experiences. Zhihu has become the largest online question and answer community in China.</p><p><b>Sales Breakdown</b></p><p>Advertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. We estimate advertising as a percentage of revenues to gradually decline in the next five years as it is offset by the faster growing Paid Memberships and Content Commerce Solutions. We estimate advertising as a percentage of sales to decline to 34.1% in 2021 and 22.3% in 2025.</p><p>Paid Memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. We have assumed Paid Membership revenues as a percentage of total revenues to increase to 31.5% in 2021 and 37.8% in 2025.</p><p>Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans. We have assumed Content Commerce Solutions as a percentage of total revenue to jump from 10% in 2020 to 17.8% in 2021 and 32.3% in 2025.</p><p><b>Gross Margins</b></p><p>The company's gross margins improved from 46.6% in 2019 to 56.0% in 2020, driven by an overall improving business scalability. We have assumed further improvements in gross margins to 57.4% in 2021 and 62.3% in 2025.</p><p><b>Total Operating Expenses and Operating Margins</b></p><p>Total operating expenses as a percentage of revenues declined significantly from 204.4% in 2019 to 100.6% in 2020. We expect this ratio to improve further to 79% in 2021, 69.2% in 2022, and 57.2% in 2025. The bulk of the improvements in operating expenses is coming from lower SG&amp;A and R&amp;D expenses as a percentage of revenues in the next five years.</p><p><img src=\"https://static.tigerbbs.com/c019cc86f4d4c1d9ffe15d3b4a4bfa75\" tg-width=\"772\" tg-height=\"480\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/ef629be32d2c34d625cb287ad648206d\" tg-width=\"757\" tg-height=\"488\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/b9561a02993fbc88c2cad88e68c08730\" tg-width=\"920\" tg-height=\"485\" referrerpolicy=\"no-referrer\"></p><p><b>Company Background</b></p><p>At the end of 2020, Zhihu had more than 43.1 million cumulative content creators that contributed 315 million questions and answers. In 4Q 2020, the company had 75.7 million average monthly active users, up 33% YoY. One of the key strengths of the company is that it is recognized as one of the most trustworthy online content communities and regarded as providing one of the highest quality content in China. Zhihu has tried to capitalize on its large user base to provide numerous multimedia functions including live streaming, e-commerce, online education, and other video content.</p><p>In August 2019, Zhihu received $434 million in funding from leading investors including Baidu and Kuaishou Technology, valuing the company at $3.5 billion. Given that the company had $97 million in sales in 2019, this would suggest a P/S valuation multiple of 36x. If we take the same P/S multiple apply to the company's 2020 sales of $207 million, this would suggest an implied valuation of $7.5 billion.</p><p>Zhihu was originally developed as a question and answer online community in 2010. At the end of 2020, there were a total of 315 million Q&amp;As spanning more than 1,000 verticals and 571,000 topics. Zhihu is one of the top five comprehensive online content communities in China, in terms of average mobile MAUs and revenue in 2020. The company uses artificial intelligence, cloud, and big data algorithms to improve the optimization of its content and services.</p><p><b>Major Shareholders of Zhihu</b></p><p>The founder &amp; CEO&nbsp;Zhou Yuanowns an 8.2% stake in the company (but 46.6% voting rights). Sinovation Ventures owns a 13.1% stake and Tencent Holdings Ltd. owns a 12.3% stake of Zhihu.</p><p><b>Key Demographics</b></p><p>The diagram below provides some of the key demographics of Zhihu user base. Males accounted for 56.9% of total users. People under 30 years old accounted for 78.7% of its total user base. Tier I and new tier I cities represented 52.6% of total user base. Many of the users of Zhihu are students and white collar professionals.</p><p><img src=\"https://static.tigerbbs.com/524d689472daad1c99491d74dfdbfe24\" tg-width=\"295\" tg-height=\"389\" referrerpolicy=\"no-referrer\"></p><p><b>Revenue Breakdown</b></p><p>Advertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. The company's advertising revenue is mainly driven by its MAUs and advertising revenue per MAU. The company's MAUs increased by 42.7% YoY to 68.5 million in 2020. The company started its online advertising business in 2016 and introduced paid content in 2018.</p><p>Paid memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. Average monthly members jumped by 311.5% YoY to 2.36 million in 2020, which is a testament of an increasing number of customers that value the premium content available on Zhihu.</p><p>In March 2019, the company introduced the Yan Selection membership program, making it the first payment-based questions &amp; answers community. It provides its members with unlimited access to about 3.4 million paid content including online lectures, columns, audio books, and e-journals. This is one of the biggest strengths of the company as it shows how high quality data and content can generate serious amount of revenues and it also provides a more steady monthly revenue inflow.</p><p>Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans, assigning the most relevant content creators to interested users, and facilitating content creation.</p><p>China's content-commerce solution market is expected to be one of the fastest growing sectors in the next several years. According to CIC Consultancy, China's content-commerce solution market is expected to enjoy a strong CAGR growth of 46.4% from 2019 to 2025 (112.3 billion RMB).</p><p><b>Market Opportunities</b></p><p><b>China’s Online Content Communities Market Size</b></p><p>Online content communities refer to UGC (user generated content)-focused (including PUGC (professional user generated content) focused online content market players where content creators are also users, who are actively engaged within the communities. The content communities generally can stimulate higher level of user engagement, more interactive user experience, and enjoy lower content cost, compared to PGC (professionally generated content) players. PGC is content created by the branded company or organization.</p><p>China's online content communities market size increased from 38.6 billion RMB in 2015 to 275.8 billion RMB in 2019 and is further expected to rise to 1.3 trillion RMB in 2025, representing a CAGR of 30.3% from 2019 to 2025, which is higher than the overall online content market growth.</p><p>China's online content community market has more diversified monetization channels including online advertising, paid membership, content e-commerce, content-commerce solutions, virtual gifting in live streaming, online games, and online education services. In comparison, the US online content community's monetization is mainly through advertising.</p><p>One of the major positives about the company is the growing trend of more Chinese consumers that are willing to pay money for higher quality content. The number of paying users in China’s online content communities is expected to increase at a CAGR of 17.1% between 2019 and 2025, which means an increase of 360.4 million extra paying users of online content communities to 588.2 million in 2025.</p><p><b>China's Online Content Market</b></p><p>China's online content market tripled from 2015 to reach 1.2 trillion RMB in 2019. This market is expected to increase to 3.7 trillion RMB in 2025, representing a CAGR of 21.4% from 2019 to 2025.</p><p><b>China’s Online Content Market Size (in terms of revenue), 2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/69a7db9cacf26245273702a255aabdb8\" tg-width=\"573\" tg-height=\"258\" referrerpolicy=\"no-referrer\"></p><p><b>Market Size of China’s Online Content Communities (in terms of revenue),2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/aee42792caf4aa2cbdcd17f757a75727\" tg-width=\"584\" tg-height=\"285\" referrerpolicy=\"no-referrer\"></p><p><b>China’s Paid Membership Market Size (in terms of revenue), 2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/77ff121d78cb1dd922d524a78570152e\" tg-width=\"520\" tg-height=\"286\" referrerpolicy=\"no-referrer\"></p><p><b>Content-commerce solutions</b></p><p>To provide integrated marketing services, the online content communities provide content-commerce solutions for content creation, content distribution, and content conversion. The company provides integrated content-commerce solutions, providing merchants and brands one-stop services for all their sales and marketing needs, from making marketing plans, facilitating content creation, assigning the most relevant content creators, to distributing to the interested users. China's content commerce solution market is expected to grow from 11.4 billion RMB in 2019 to 112.3 billion RMB in 2025, at a CAGR of 46.4%.</p><p><b>China’s Content-Commerce Solution Market Size (in terms of revenue), 2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/01a230d3fb2d4cf4aeeebfd5c3c691c3\" tg-width=\"520\" tg-height=\"269\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZH":"知乎"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141686975","content_text":"Zhihu Technology shares opened at $8.02 each on Friday, about 15.6% lower than the company’s IPO price $9.5.Zhihu IPO prices at low end of the range, valuing company at about $5.3 billion.Zhihu Inc. announced Friday the pricing of its initial public offering, at $9.50 per American depositary share, which was at the low end of the expected range. The China-based online content company offered 55 million ADS in the IPO to raise $522.5 million, while the pricing valued the company at about $5.31 billion.Zhihu has a similar business model as Quora where millions of people ask questions and exchange their views and experiences. Zhihu has become the largest online question and answer community in China.Sales BreakdownAdvertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. We estimate advertising as a percentage of revenues to gradually decline in the next five years as it is offset by the faster growing Paid Memberships and Content Commerce Solutions. We estimate advertising as a percentage of sales to decline to 34.1% in 2021 and 22.3% in 2025.Paid Memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. We have assumed Paid Membership revenues as a percentage of total revenues to increase to 31.5% in 2021 and 37.8% in 2025.Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans. We have assumed Content Commerce Solutions as a percentage of total revenue to jump from 10% in 2020 to 17.8% in 2021 and 32.3% in 2025.Gross MarginsThe company's gross margins improved from 46.6% in 2019 to 56.0% in 2020, driven by an overall improving business scalability. We have assumed further improvements in gross margins to 57.4% in 2021 and 62.3% in 2025.Total Operating Expenses and Operating MarginsTotal operating expenses as a percentage of revenues declined significantly from 204.4% in 2019 to 100.6% in 2020. We expect this ratio to improve further to 79% in 2021, 69.2% in 2022, and 57.2% in 2025. The bulk of the improvements in operating expenses is coming from lower SG&A and R&D expenses as a percentage of revenues in the next five years.Company BackgroundAt the end of 2020, Zhihu had more than 43.1 million cumulative content creators that contributed 315 million questions and answers. In 4Q 2020, the company had 75.7 million average monthly active users, up 33% YoY. One of the key strengths of the company is that it is recognized as one of the most trustworthy online content communities and regarded as providing one of the highest quality content in China. Zhihu has tried to capitalize on its large user base to provide numerous multimedia functions including live streaming, e-commerce, online education, and other video content.In August 2019, Zhihu received $434 million in funding from leading investors including Baidu and Kuaishou Technology, valuing the company at $3.5 billion. Given that the company had $97 million in sales in 2019, this would suggest a P/S valuation multiple of 36x. If we take the same P/S multiple apply to the company's 2020 sales of $207 million, this would suggest an implied valuation of $7.5 billion.Zhihu was originally developed as a question and answer online community in 2010. At the end of 2020, there were a total of 315 million Q&As spanning more than 1,000 verticals and 571,000 topics. Zhihu is one of the top five comprehensive online content communities in China, in terms of average mobile MAUs and revenue in 2020. The company uses artificial intelligence, cloud, and big data algorithms to improve the optimization of its content and services.Major Shareholders of ZhihuThe founder & CEO Zhou Yuanowns an 8.2% stake in the company (but 46.6% voting rights). Sinovation Ventures owns a 13.1% stake and Tencent Holdings Ltd. owns a 12.3% stake of Zhihu.Key DemographicsThe diagram below provides some of the key demographics of Zhihu user base. Males accounted for 56.9% of total users. People under 30 years old accounted for 78.7% of its total user base. Tier I and new tier I cities represented 52.6% of total user base. Many of the users of Zhihu are students and white collar professionals.Revenue BreakdownAdvertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. The company's advertising revenue is mainly driven by its MAUs and advertising revenue per MAU. The company's MAUs increased by 42.7% YoY to 68.5 million in 2020. The company started its online advertising business in 2016 and introduced paid content in 2018.Paid memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. Average monthly members jumped by 311.5% YoY to 2.36 million in 2020, which is a testament of an increasing number of customers that value the premium content available on Zhihu.In March 2019, the company introduced the Yan Selection membership program, making it the first payment-based questions & answers community. It provides its members with unlimited access to about 3.4 million paid content including online lectures, columns, audio books, and e-journals. This is one of the biggest strengths of the company as it shows how high quality data and content can generate serious amount of revenues and it also provides a more steady monthly revenue inflow.Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans, assigning the most relevant content creators to interested users, and facilitating content creation.China's content-commerce solution market is expected to be one of the fastest growing sectors in the next several years. According to CIC Consultancy, China's content-commerce solution market is expected to enjoy a strong CAGR growth of 46.4% from 2019 to 2025 (112.3 billion RMB).Market OpportunitiesChina’s Online Content Communities Market SizeOnline content communities refer to UGC (user generated content)-focused (including PUGC (professional user generated content) focused online content market players where content creators are also users, who are actively engaged within the communities. The content communities generally can stimulate higher level of user engagement, more interactive user experience, and enjoy lower content cost, compared to PGC (professionally generated content) players. PGC is content created by the branded company or organization.China's online content communities market size increased from 38.6 billion RMB in 2015 to 275.8 billion RMB in 2019 and is further expected to rise to 1.3 trillion RMB in 2025, representing a CAGR of 30.3% from 2019 to 2025, which is higher than the overall online content market growth.China's online content community market has more diversified monetization channels including online advertising, paid membership, content e-commerce, content-commerce solutions, virtual gifting in live streaming, online games, and online education services. In comparison, the US online content community's monetization is mainly through advertising.One of the major positives about the company is the growing trend of more Chinese consumers that are willing to pay money for higher quality content. The number of paying users in China’s online content communities is expected to increase at a CAGR of 17.1% between 2019 and 2025, which means an increase of 360.4 million extra paying users of online content communities to 588.2 million in 2025.China's Online Content MarketChina's online content market tripled from 2015 to reach 1.2 trillion RMB in 2019. This market is expected to increase to 3.7 trillion RMB in 2025, representing a CAGR of 21.4% from 2019 to 2025.China’s Online Content Market Size (in terms of revenue), 2015-2025EMarket Size of China’s Online Content Communities (in terms of revenue),2015-2025EChina’s Paid Membership Market Size (in terms of revenue), 2015-2025EContent-commerce solutionsTo provide integrated marketing services, the online content communities provide content-commerce solutions for content creation, content distribution, and content conversion. The company provides integrated content-commerce solutions, providing merchants and brands one-stop services for all their sales and marketing needs, from making marketing plans, facilitating content creation, assigning the most relevant content creators, to distributing to the interested users. China's content commerce solution market is expected to grow from 11.4 billion RMB in 2019 to 112.3 billion RMB in 2025, at a CAGR of 46.4%.China’s Content-Commerce Solution Market Size (in terms of revenue), 2015-2025E","news_type":1},"isVote":1,"tweetType":1,"viewCount":309,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":352134303,"gmtCreate":1616904503302,"gmtModify":1704799869865,"author":{"id":"3574311751638468","authorId":"3574311751638468","name":"Wesley1992","avatar":"https://static.tigerbbs.com/d969b7f80ab74be82071eb3266dfd02d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574311751638468","authorIdStr":"3574311751638468"},"themes":[],"htmlText":"Omg.&nbsp;","listText":"Omg.&nbsp;","text":"Omg.","images":[{"img":"https://static.tigerbbs.com/eabafb7bdd88e7f23ed5ebd20754eab4","width":"1080","height":"2400"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/352134303","isVote":1,"tweetType":1,"viewCount":339,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":358957030,"gmtCreate":1616655712920,"gmtModify":1704796975870,"author":{"id":"3574311751638468","authorId":"3574311751638468","name":"Wesley1992","avatar":"https://static.tigerbbs.com/d969b7f80ab74be82071eb3266dfd02d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574311751638468","authorIdStr":"3574311751638468"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/358957030","repostId":"358951447","repostType":1,"repost":{"id":358951447,"gmtCreate":1616655041289,"gmtModify":1704796968398,"author":{"id":"3503452965237041","authorId":"3503452965237041","name":"美股研究社","avatar":"https://static.tigerbbs.com/a239c7906133df1f3817d0746a8a0ba1","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3503452965237041","authorIdStr":"3503452965237041"},"themes":[],"title":"看好Costco前景，Oppenheimer維持其“增持”評級至370美元","htmlText":"美股研究社消息，The Fly獲悉，Oppenheimer分析師Rupesh Parikh將<a target=\"_blank\" href=\"https://laohu8.com/S/COST\">$好市多(COST)$</a>&nbsp;的目標價從350美元上調至370美元，並保持對該股的增持評級。這位分析師表示，在過去幾周，他開始看到好市多旅遊需求飆升的明顯跡象，包括在鳳凰城和坦帕等市場預訂租車面臨挑戰，他在搜索時發現這些市場沒有車位。帕裏克補充說，從剛剛過去的這個週末到本週，costcotravel.com上有一條橫幅信息，稱該公司正在經歷一個非常大的電話量。最近疫苗接種方面的發展和進展使他對隨着時間的推移完全恢復諸如旅行和燃料等輔助服務更有信心。 本文來源：美股研究社，轉載請註明版權","listText":"美股研究社消息，The Fly獲悉，Oppenheimer分析師Rupesh Parikh將<a target=\"_blank\" href=\"https://laohu8.com/S/COST\">$好市多(COST)$</a>&nbsp;的目標價從350美元上調至370美元，並保持對該股的增持評級。這位分析師表示，在過去幾周，他開始看到好市多旅遊需求飆升的明顯跡象，包括在鳳凰城和坦帕等市場預訂租車面臨挑戰，他在搜索時發現這些市場沒有車位。帕裏克補充說，從剛剛過去的這個週末到本週，costcotravel.com上有一條橫幅信息，稱該公司正在經歷一個非常大的電話量。最近疫苗接種方面的發展和進展使他對隨着時間的推移完全恢復諸如旅行和燃料等輔助服務更有信心。 本文來源：美股研究社，轉載請註明版權","text":"美股研究社消息，The Fly獲悉，Oppenheimer分析師Rupesh Parikh將$好市多(COST)$ 的目標價從350美元上調至370美元，並保持對該股的增持評級。這位分析師表示，在過去幾周，他開始看到好市多旅遊需求飆升的明顯跡象，包括在鳳凰城和坦帕等市場預訂租車面臨挑戰，他在搜索時發現這些市場沒有車位。帕裏克補充說，從剛剛過去的這個週末到本週，costcotravel.com上有一條橫幅信息，稱該公司正在經歷一個非常大的電話量。最近疫苗接種方面的發展和進展使他對隨着時間的推移完全恢復諸如旅行和燃料等輔助服務更有信心。 本文來源：美股研究社，轉載請註明版權","images":[{"img":"https://static.tigerbbs.com/736e2b0b89b7c5bf4e74b6b787fb2b24","width":"499","height":"333"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/358951447","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":312,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":359640592,"gmtCreate":1616397644416,"gmtModify":1704793473299,"author":{"id":"3574311751638468","authorId":"3574311751638468","name":"Wesley1992","avatar":"https://static.tigerbbs.com/d969b7f80ab74be82071eb3266dfd02d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574311751638468","authorIdStr":"3574311751638468"},"themes":[],"htmlText":"https://www.reuters.com/article/us-tesla-ark-invest-idUSKBN2BC0O9&nbsp;","listText":"https://www.reuters.com/article/us-tesla-ark-invest-idUSKBN2BC0O9&nbsp;","text":"https://www.reuters.com/article/us-tesla-ark-invest-idUSKBN2BC0O9","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/359640592","isVote":1,"tweetType":1,"viewCount":434,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":350032976,"gmtCreate":1616135805095,"gmtModify":1704791390900,"author":{"id":"3574311751638468","authorId":"3574311751638468","name":"Wesley1992","avatar":"https://static.tigerbbs.com/d969b7f80ab74be82071eb3266dfd02d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574311751638468","authorIdStr":"3574311751638468"},"themes":[],"htmlText":"Amazing","listText":"Amazing","text":"Amazing","images":[{"img":"https://static.tigerbbs.com/42b870584f074fcb4274da7902df89b3","width":"720","height":"1520"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/350032976","isVote":1,"tweetType":1,"viewCount":351,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":327195744,"gmtCreate":1616067457888,"gmtModify":1704790449900,"author":{"id":"3574311751638468","authorId":"3574311751638468","name":"Wesley1992","avatar":"https://static.tigerbbs.com/d969b7f80ab74be82071eb3266dfd02d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574311751638468","authorIdStr":"3574311751638468"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/327195744","repostId":"2120952151","repostType":4,"isVote":1,"tweetType":1,"viewCount":160,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":327195326,"gmtCreate":1616067402865,"gmtModify":1704790448382,"author":{"id":"3574311751638468","authorId":"3574311751638468","name":"Wesley1992","avatar":"https://static.tigerbbs.com/d969b7f80ab74be82071eb3266dfd02d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574311751638468","authorIdStr":"3574311751638468"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/327195326","repostId":"1129139683","repostType":4,"isVote":1,"tweetType":1,"viewCount":198,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324119316,"gmtCreate":1615973394835,"gmtModify":1704789116295,"author":{"id":"3574311751638468","authorId":"3574311751638468","name":"Wesley1992","avatar":"https://static.tigerbbs.com/d969b7f80ab74be82071eb3266dfd02d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574311751638468","authorIdStr":"3574311751638468"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/324119316","repostId":"1127014629","repostType":4,"isVote":1,"tweetType":1,"viewCount":209,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324110730,"gmtCreate":1615973374420,"gmtModify":1704789115650,"author":{"id":"3574311751638468","authorId":"3574311751638468","name":"Wesley1992","avatar":"https://static.tigerbbs.com/d969b7f80ab74be82071eb3266dfd02d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574311751638468","authorIdStr":"3574311751638468"},"themes":[],"htmlText":"Good read&nbsp;","listText":"Good read&nbsp;","text":"Good read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/324110730","repostId":"1180242005","repostType":4,"repost":{"id":"1180242005","kind":"news","pubTimestamp":1615966420,"share":"https://ttm.financial/m/news/1180242005?lang=&edition=fundamental","pubTime":"2021-03-17 15:33","market":"us","language":"en","title":"The S&P 500 could surge 8% on strong seasonality and a bullish technical pattern, BofA says","url":"https://stock-news.laohu8.com/highlight/detail?id=1180242005","media":"Business Insider","summary":"The stock market could continue its uptrend and surge 8%, Bank of America said in a note on Tuesday.","content":"<ul>\n <li><b>The stock market could continue its uptrend and surge 8%, Bank of America said in a note on Tuesday.</b></li>\n <li><b>The bank pointed to strong seasonality and a developing cup and handle pattern that generates a 4,270 price target on the S&amp;P 500.</b></li>\n <li><b>\"Seasonality shines in April, which is the strongest month of the November to April period and is up 66% of the time,\" BofA said.</b></li>\n</ul>\n<p>Record highs in the stock market will continue to be made over the next few weeks if a Tuesday note from Bank of America pans out.</p>\n<p>The bank expects the S&amp;P 500 to hit a 4,270 price target derived from&nbsp;a bullish cup and handle pattern, which represents potential upside of 8% from Monday's close.</p>\n<p>And it's a bullish backdrop for stocks to continue their uptrend based on seasonality data, as April is the strongest month of the best 6-month period of the year, according to the note.</p>\n<p>\"Seasonality shines in April, which is the strongest month of the November-April period and is up 66% of the time with an average return of 1.37%,\" BofA said. The bank's seasonality analysis is based on data going back to 1928.</p>\n<p>On top of that, April is the second best month behind July in terms of average return, and the second best month behind December in terms of the percentage of time up, according to BofA.</p>\n<p>From a technical perspective, BofA highlights big picture levels on the S&amp;P 500, based on a bullish cup and handle pattern formed last year. A cup and handle often resembles a cup, formed by a basing pattern that typically looks like a \"U,\" followed by a handle that is formed by a short-term down trend. This pattern usually extends an uptrend that is already in place.</p>\n<p>BofA's 4,270 price target on the S&amp;P 500 is based on a measured move of the depth of the cup formed in March of 2020 and the eventual breakout later in July.</p>\n<p>Also favoring continued upside for the S&amp;P 500 is new highs in Advance/Decline line, which indicates that underlying market breadth is strong. The Advance/Decline line measures the difference of stocks that are moving higher or lower on a daily basis.</p>\n<p>\"A bullish A-D line sets up the S&amp;P 500 for a breakout above 3,950 - 3,960 that would favor upside to 4,065 next with the 2020 cup and handle target at 4,270,\" BofA said.</p>\n<p>And if the S&amp;P 500 does falter, investors should look to big picture support levels at 3,700, 3,550, and 3,200, BofA highlighted.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b5e8c7f39d815d6d80277066e3cc5145\" tg-width=\"790\" tg-height=\"442\"><span>Bank of America</span></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The S&P 500 could surge 8% on strong seasonality and a bullish technical pattern, BofA says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe S&P 500 could surge 8% on strong seasonality and a bullish technical pattern, BofA says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-17 15:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://markets.businessinsider.com/news/stocks/stock-market-outlook-sp500-to-strong-seasonality-bullish-technicals-bofa-2021-3-1030216115><strong>Business Insider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The stock market could continue its uptrend and surge 8%, Bank of America said in a note on Tuesday.\nThe bank pointed to strong seasonality and a developing cup and handle pattern that generates a 4,...</p>\n\n<a href=\"https://markets.businessinsider.com/news/stocks/stock-market-outlook-sp500-to-strong-seasonality-bullish-technicals-bofa-2021-3-1030216115\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://markets.businessinsider.com/news/stocks/stock-market-outlook-sp500-to-strong-seasonality-bullish-technicals-bofa-2021-3-1030216115","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180242005","content_text":"The stock market could continue its uptrend and surge 8%, Bank of America said in a note on Tuesday.\nThe bank pointed to strong seasonality and a developing cup and handle pattern that generates a 4,270 price target on the S&P 500.\n\"Seasonality shines in April, which is the strongest month of the November to April period and is up 66% of the time,\" BofA said.\n\nRecord highs in the stock market will continue to be made over the next few weeks if a Tuesday note from Bank of America pans out.\nThe bank expects the S&P 500 to hit a 4,270 price target derived from a bullish cup and handle pattern, which represents potential upside of 8% from Monday's close.\nAnd it's a bullish backdrop for stocks to continue their uptrend based on seasonality data, as April is the strongest month of the best 6-month period of the year, according to the note.\n\"Seasonality shines in April, which is the strongest month of the November-April period and is up 66% of the time with an average return of 1.37%,\" BofA said. The bank's seasonality analysis is based on data going back to 1928.\nOn top of that, April is the second best month behind July in terms of average return, and the second best month behind December in terms of the percentage of time up, according to BofA.\nFrom a technical perspective, BofA highlights big picture levels on the S&P 500, based on a bullish cup and handle pattern formed last year. A cup and handle often resembles a cup, formed by a basing pattern that typically looks like a \"U,\" followed by a handle that is formed by a short-term down trend. This pattern usually extends an uptrend that is already in place.\nBofA's 4,270 price target on the S&P 500 is based on a measured move of the depth of the cup formed in March of 2020 and the eventual breakout later in July.\nAlso favoring continued upside for the S&P 500 is new highs in Advance/Decline line, which indicates that underlying market breadth is strong. The Advance/Decline line measures the difference of stocks that are moving higher or lower on a daily basis.\n\"A bullish A-D line sets up the S&P 500 for a breakout above 3,950 - 3,960 that would favor upside to 4,065 next with the 2020 cup and handle target at 4,270,\" BofA said.\nAnd if the S&P 500 does falter, investors should look to big picture support levels at 3,700, 3,550, and 3,200, BofA highlighted.\nBank of America","news_type":1},"isVote":1,"tweetType":1,"viewCount":246,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324132337,"gmtCreate":1615972824929,"gmtModify":1704789110298,"author":{"id":"3574311751638468","authorId":"3574311751638468","name":"Wesley1992","avatar":"https://static.tigerbbs.com/d969b7f80ab74be82071eb3266dfd02d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574311751638468","authorIdStr":"3574311751638468"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/324132337","repostId":"1115896438","repostType":4,"isVote":1,"tweetType":1,"viewCount":292,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":355813283,"gmtCreate":1617059512742,"gmtModify":1704801345942,"author":{"id":"3574311751638468","authorId":"3574311751638468","name":"Wesley1992","avatar":"https://static.tigerbbs.com/d969b7f80ab74be82071eb3266dfd02d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574311751638468","idStr":"3574311751638468"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>?","listText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>?","text":"$Palantir Technologies Inc.(PLTR)$?","images":[{"img":"https://static.tigerbbs.com/33c06d040d881f6b07e4388591ba7c16","width":"764","height":"678"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/355813283","isVote":1,"tweetType":1,"viewCount":1614,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":348552016,"gmtCreate":1617944645835,"gmtModify":1704705143988,"author":{"id":"3574311751638468","authorId":"3574311751638468","name":"Wesley1992","avatar":"https://static.tigerbbs.com/d969b7f80ab74be82071eb3266dfd02d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574311751638468","idStr":"3574311751638468"},"themes":[],"htmlText":"More patent are being filed for&nbsp;<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>???","listText":"More patent are being filed for&nbsp;<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>???","text":"More patent are being filed for $Palantir Technologies Inc.(PLTR)$???","images":[{"img":"https://static.tigerbbs.com/187dfcd78fa6442ffdd9d1eb20e5970b","width":"960","height":"1382"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/348552016","isVote":1,"tweetType":1,"viewCount":1130,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":349936832,"gmtCreate":1617516071726,"gmtModify":1704700178753,"author":{"id":"3574311751638468","authorId":"3574311751638468","name":"Wesley1992","avatar":"https://static.tigerbbs.com/d969b7f80ab74be82071eb3266dfd02d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574311751638468","idStr":"3574311751638468"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>??","listText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>??","text":"$NIO Inc.(NIO)$??","images":[{"img":"https://static.tigerbbs.com/9c1ed1cf06b5897c32c4f632e7e09ab3","width":"585","height":"597"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/349936832","isVote":1,"tweetType":1,"viewCount":966,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":352134188,"gmtCreate":1616904524744,"gmtModify":1704799870026,"author":{"id":"3574311751638468","authorId":"3574311751638468","name":"Wesley1992","avatar":"https://static.tigerbbs.com/d969b7f80ab74be82071eb3266dfd02d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574311751638468","idStr":"3574311751638468"},"themes":[],"htmlText":"Omg","listText":"Omg","text":"Omg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/352134188","repostId":"1141686975","repostType":4,"repost":{"id":"1141686975","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1616780260,"share":"https://ttm.financial/m/news/1141686975?lang=&edition=fundamental","pubTime":"2021-03-27 01:37","market":"us","language":"en","title":"Zhihu Technology fall on its first day of trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1141686975","media":"Tiger Newspress","summary":"Zhihu Technology shares opened at $8.02 each on Friday, about 15.6% lower than the company’s IPO pri","content":"<p>Zhihu Technology shares opened at $8.02&nbsp;each on Friday, about 15.6% lower than the company’s IPO price&nbsp;$9.5.Zhihu IPO prices at low end of the range, valuing company at about $5.3 billion.</p><p><img src=\"https://static.tigerbbs.com/4672a089b4ebb0a889cbfbeb32b48594\" tg-width=\"1920\" tg-height=\"959\" referrerpolicy=\"no-referrer\"></p><p>Zhihu Inc.&nbsp;announced Friday the pricing of its initial public offering, at $9.50 per American depositary share, which was at the low end of the expected range. The China-based online content company offered 55 million ADS in the IPO to raise $522.5 million, while the pricing valued the company at about $5.31 billion.</p><p>Zhihu has a similar business model as Quora where millions of people ask questions and exchange their views and experiences. Zhihu has become the largest online question and answer community in China.</p><p><b>Sales Breakdown</b></p><p>Advertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. We estimate advertising as a percentage of revenues to gradually decline in the next five years as it is offset by the faster growing Paid Memberships and Content Commerce Solutions. We estimate advertising as a percentage of sales to decline to 34.1% in 2021 and 22.3% in 2025.</p><p>Paid Memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. We have assumed Paid Membership revenues as a percentage of total revenues to increase to 31.5% in 2021 and 37.8% in 2025.</p><p>Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans. We have assumed Content Commerce Solutions as a percentage of total revenue to jump from 10% in 2020 to 17.8% in 2021 and 32.3% in 2025.</p><p><b>Gross Margins</b></p><p>The company's gross margins improved from 46.6% in 2019 to 56.0% in 2020, driven by an overall improving business scalability. We have assumed further improvements in gross margins to 57.4% in 2021 and 62.3% in 2025.</p><p><b>Total Operating Expenses and Operating Margins</b></p><p>Total operating expenses as a percentage of revenues declined significantly from 204.4% in 2019 to 100.6% in 2020. We expect this ratio to improve further to 79% in 2021, 69.2% in 2022, and 57.2% in 2025. The bulk of the improvements in operating expenses is coming from lower SG&amp;A and R&amp;D expenses as a percentage of revenues in the next five years.</p><p><img src=\"https://static.tigerbbs.com/c019cc86f4d4c1d9ffe15d3b4a4bfa75\" tg-width=\"772\" tg-height=\"480\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/ef629be32d2c34d625cb287ad648206d\" tg-width=\"757\" tg-height=\"488\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/b9561a02993fbc88c2cad88e68c08730\" tg-width=\"920\" tg-height=\"485\" referrerpolicy=\"no-referrer\"></p><p><b>Company Background</b></p><p>At the end of 2020, Zhihu had more than 43.1 million cumulative content creators that contributed 315 million questions and answers. In 4Q 2020, the company had 75.7 million average monthly active users, up 33% YoY. One of the key strengths of the company is that it is recognized as one of the most trustworthy online content communities and regarded as providing one of the highest quality content in China. Zhihu has tried to capitalize on its large user base to provide numerous multimedia functions including live streaming, e-commerce, online education, and other video content.</p><p>In August 2019, Zhihu received $434 million in funding from leading investors including Baidu and Kuaishou Technology, valuing the company at $3.5 billion. Given that the company had $97 million in sales in 2019, this would suggest a P/S valuation multiple of 36x. If we take the same P/S multiple apply to the company's 2020 sales of $207 million, this would suggest an implied valuation of $7.5 billion.</p><p>Zhihu was originally developed as a question and answer online community in 2010. At the end of 2020, there were a total of 315 million Q&amp;As spanning more than 1,000 verticals and 571,000 topics. Zhihu is one of the top five comprehensive online content communities in China, in terms of average mobile MAUs and revenue in 2020. The company uses artificial intelligence, cloud, and big data algorithms to improve the optimization of its content and services.</p><p><b>Major Shareholders of Zhihu</b></p><p>The founder &amp; CEO&nbsp;Zhou Yuanowns an 8.2% stake in the company (but 46.6% voting rights). Sinovation Ventures owns a 13.1% stake and Tencent Holdings Ltd. owns a 12.3% stake of Zhihu.</p><p><b>Key Demographics</b></p><p>The diagram below provides some of the key demographics of Zhihu user base. Males accounted for 56.9% of total users. People under 30 years old accounted for 78.7% of its total user base. Tier I and new tier I cities represented 52.6% of total user base. Many of the users of Zhihu are students and white collar professionals.</p><p><img src=\"https://static.tigerbbs.com/524d689472daad1c99491d74dfdbfe24\" tg-width=\"295\" tg-height=\"389\" referrerpolicy=\"no-referrer\"></p><p><b>Revenue Breakdown</b></p><p>Advertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. The company's advertising revenue is mainly driven by its MAUs and advertising revenue per MAU. The company's MAUs increased by 42.7% YoY to 68.5 million in 2020. The company started its online advertising business in 2016 and introduced paid content in 2018.</p><p>Paid memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. Average monthly members jumped by 311.5% YoY to 2.36 million in 2020, which is a testament of an increasing number of customers that value the premium content available on Zhihu.</p><p>In March 2019, the company introduced the Yan Selection membership program, making it the first payment-based questions &amp; answers community. It provides its members with unlimited access to about 3.4 million paid content including online lectures, columns, audio books, and e-journals. This is one of the biggest strengths of the company as it shows how high quality data and content can generate serious amount of revenues and it also provides a more steady monthly revenue inflow.</p><p>Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans, assigning the most relevant content creators to interested users, and facilitating content creation.</p><p>China's content-commerce solution market is expected to be one of the fastest growing sectors in the next several years. According to CIC Consultancy, China's content-commerce solution market is expected to enjoy a strong CAGR growth of 46.4% from 2019 to 2025 (112.3 billion RMB).</p><p><b>Market Opportunities</b></p><p><b>China’s Online Content Communities Market Size</b></p><p>Online content communities refer to UGC (user generated content)-focused (including PUGC (professional user generated content) focused online content market players where content creators are also users, who are actively engaged within the communities. The content communities generally can stimulate higher level of user engagement, more interactive user experience, and enjoy lower content cost, compared to PGC (professionally generated content) players. PGC is content created by the branded company or organization.</p><p>China's online content communities market size increased from 38.6 billion RMB in 2015 to 275.8 billion RMB in 2019 and is further expected to rise to 1.3 trillion RMB in 2025, representing a CAGR of 30.3% from 2019 to 2025, which is higher than the overall online content market growth.</p><p>China's online content community market has more diversified monetization channels including online advertising, paid membership, content e-commerce, content-commerce solutions, virtual gifting in live streaming, online games, and online education services. In comparison, the US online content community's monetization is mainly through advertising.</p><p>One of the major positives about the company is the growing trend of more Chinese consumers that are willing to pay money for higher quality content. The number of paying users in China’s online content communities is expected to increase at a CAGR of 17.1% between 2019 and 2025, which means an increase of 360.4 million extra paying users of online content communities to 588.2 million in 2025.</p><p><b>China's Online Content Market</b></p><p>China's online content market tripled from 2015 to reach 1.2 trillion RMB in 2019. This market is expected to increase to 3.7 trillion RMB in 2025, representing a CAGR of 21.4% from 2019 to 2025.</p><p><b>China’s Online Content Market Size (in terms of revenue), 2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/69a7db9cacf26245273702a255aabdb8\" tg-width=\"573\" tg-height=\"258\" referrerpolicy=\"no-referrer\"></p><p><b>Market Size of China’s Online Content Communities (in terms of revenue),2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/aee42792caf4aa2cbdcd17f757a75727\" tg-width=\"584\" tg-height=\"285\" referrerpolicy=\"no-referrer\"></p><p><b>China’s Paid Membership Market Size (in terms of revenue), 2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/77ff121d78cb1dd922d524a78570152e\" tg-width=\"520\" tg-height=\"286\" referrerpolicy=\"no-referrer\"></p><p><b>Content-commerce solutions</b></p><p>To provide integrated marketing services, the online content communities provide content-commerce solutions for content creation, content distribution, and content conversion. The company provides integrated content-commerce solutions, providing merchants and brands one-stop services for all their sales and marketing needs, from making marketing plans, facilitating content creation, assigning the most relevant content creators, to distributing to the interested users. China's content commerce solution market is expected to grow from 11.4 billion RMB in 2019 to 112.3 billion RMB in 2025, at a CAGR of 46.4%.</p><p><b>China’s Content-Commerce Solution Market Size (in terms of revenue), 2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/01a230d3fb2d4cf4aeeebfd5c3c691c3\" tg-width=\"520\" tg-height=\"269\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Zhihu Technology fall on its first day of trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nZhihu Technology fall on its first day of trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-03-27 01:37</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Zhihu Technology shares opened at $8.02&nbsp;each on Friday, about 15.6% lower than the company’s IPO price&nbsp;$9.5.Zhihu IPO prices at low end of the range, valuing company at about $5.3 billion.</p><p><img src=\"https://static.tigerbbs.com/4672a089b4ebb0a889cbfbeb32b48594\" tg-width=\"1920\" tg-height=\"959\" referrerpolicy=\"no-referrer\"></p><p>Zhihu Inc.&nbsp;announced Friday the pricing of its initial public offering, at $9.50 per American depositary share, which was at the low end of the expected range. The China-based online content company offered 55 million ADS in the IPO to raise $522.5 million, while the pricing valued the company at about $5.31 billion.</p><p>Zhihu has a similar business model as Quora where millions of people ask questions and exchange their views and experiences. Zhihu has become the largest online question and answer community in China.</p><p><b>Sales Breakdown</b></p><p>Advertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. We estimate advertising as a percentage of revenues to gradually decline in the next five years as it is offset by the faster growing Paid Memberships and Content Commerce Solutions. We estimate advertising as a percentage of sales to decline to 34.1% in 2021 and 22.3% in 2025.</p><p>Paid Memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. We have assumed Paid Membership revenues as a percentage of total revenues to increase to 31.5% in 2021 and 37.8% in 2025.</p><p>Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans. We have assumed Content Commerce Solutions as a percentage of total revenue to jump from 10% in 2020 to 17.8% in 2021 and 32.3% in 2025.</p><p><b>Gross Margins</b></p><p>The company's gross margins improved from 46.6% in 2019 to 56.0% in 2020, driven by an overall improving business scalability. We have assumed further improvements in gross margins to 57.4% in 2021 and 62.3% in 2025.</p><p><b>Total Operating Expenses and Operating Margins</b></p><p>Total operating expenses as a percentage of revenues declined significantly from 204.4% in 2019 to 100.6% in 2020. We expect this ratio to improve further to 79% in 2021, 69.2% in 2022, and 57.2% in 2025. The bulk of the improvements in operating expenses is coming from lower SG&amp;A and R&amp;D expenses as a percentage of revenues in the next five years.</p><p><img src=\"https://static.tigerbbs.com/c019cc86f4d4c1d9ffe15d3b4a4bfa75\" tg-width=\"772\" tg-height=\"480\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/ef629be32d2c34d625cb287ad648206d\" tg-width=\"757\" tg-height=\"488\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/b9561a02993fbc88c2cad88e68c08730\" tg-width=\"920\" tg-height=\"485\" referrerpolicy=\"no-referrer\"></p><p><b>Company Background</b></p><p>At the end of 2020, Zhihu had more than 43.1 million cumulative content creators that contributed 315 million questions and answers. In 4Q 2020, the company had 75.7 million average monthly active users, up 33% YoY. One of the key strengths of the company is that it is recognized as one of the most trustworthy online content communities and regarded as providing one of the highest quality content in China. Zhihu has tried to capitalize on its large user base to provide numerous multimedia functions including live streaming, e-commerce, online education, and other video content.</p><p>In August 2019, Zhihu received $434 million in funding from leading investors including Baidu and Kuaishou Technology, valuing the company at $3.5 billion. Given that the company had $97 million in sales in 2019, this would suggest a P/S valuation multiple of 36x. If we take the same P/S multiple apply to the company's 2020 sales of $207 million, this would suggest an implied valuation of $7.5 billion.</p><p>Zhihu was originally developed as a question and answer online community in 2010. At the end of 2020, there were a total of 315 million Q&amp;As spanning more than 1,000 verticals and 571,000 topics. Zhihu is one of the top five comprehensive online content communities in China, in terms of average mobile MAUs and revenue in 2020. The company uses artificial intelligence, cloud, and big data algorithms to improve the optimization of its content and services.</p><p><b>Major Shareholders of Zhihu</b></p><p>The founder &amp; CEO&nbsp;Zhou Yuanowns an 8.2% stake in the company (but 46.6% voting rights). Sinovation Ventures owns a 13.1% stake and Tencent Holdings Ltd. owns a 12.3% stake of Zhihu.</p><p><b>Key Demographics</b></p><p>The diagram below provides some of the key demographics of Zhihu user base. Males accounted for 56.9% of total users. People under 30 years old accounted for 78.7% of its total user base. Tier I and new tier I cities represented 52.6% of total user base. Many of the users of Zhihu are students and white collar professionals.</p><p><img src=\"https://static.tigerbbs.com/524d689472daad1c99491d74dfdbfe24\" tg-width=\"295\" tg-height=\"389\" referrerpolicy=\"no-referrer\"></p><p><b>Revenue Breakdown</b></p><p>Advertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. The company's advertising revenue is mainly driven by its MAUs and advertising revenue per MAU. The company's MAUs increased by 42.7% YoY to 68.5 million in 2020. The company started its online advertising business in 2016 and introduced paid content in 2018.</p><p>Paid memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. Average monthly members jumped by 311.5% YoY to 2.36 million in 2020, which is a testament of an increasing number of customers that value the premium content available on Zhihu.</p><p>In March 2019, the company introduced the Yan Selection membership program, making it the first payment-based questions &amp; answers community. It provides its members with unlimited access to about 3.4 million paid content including online lectures, columns, audio books, and e-journals. This is one of the biggest strengths of the company as it shows how high quality data and content can generate serious amount of revenues and it also provides a more steady monthly revenue inflow.</p><p>Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans, assigning the most relevant content creators to interested users, and facilitating content creation.</p><p>China's content-commerce solution market is expected to be one of the fastest growing sectors in the next several years. According to CIC Consultancy, China's content-commerce solution market is expected to enjoy a strong CAGR growth of 46.4% from 2019 to 2025 (112.3 billion RMB).</p><p><b>Market Opportunities</b></p><p><b>China’s Online Content Communities Market Size</b></p><p>Online content communities refer to UGC (user generated content)-focused (including PUGC (professional user generated content) focused online content market players where content creators are also users, who are actively engaged within the communities. The content communities generally can stimulate higher level of user engagement, more interactive user experience, and enjoy lower content cost, compared to PGC (professionally generated content) players. PGC is content created by the branded company or organization.</p><p>China's online content communities market size increased from 38.6 billion RMB in 2015 to 275.8 billion RMB in 2019 and is further expected to rise to 1.3 trillion RMB in 2025, representing a CAGR of 30.3% from 2019 to 2025, which is higher than the overall online content market growth.</p><p>China's online content community market has more diversified monetization channels including online advertising, paid membership, content e-commerce, content-commerce solutions, virtual gifting in live streaming, online games, and online education services. In comparison, the US online content community's monetization is mainly through advertising.</p><p>One of the major positives about the company is the growing trend of more Chinese consumers that are willing to pay money for higher quality content. The number of paying users in China’s online content communities is expected to increase at a CAGR of 17.1% between 2019 and 2025, which means an increase of 360.4 million extra paying users of online content communities to 588.2 million in 2025.</p><p><b>China's Online Content Market</b></p><p>China's online content market tripled from 2015 to reach 1.2 trillion RMB in 2019. This market is expected to increase to 3.7 trillion RMB in 2025, representing a CAGR of 21.4% from 2019 to 2025.</p><p><b>China’s Online Content Market Size (in terms of revenue), 2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/69a7db9cacf26245273702a255aabdb8\" tg-width=\"573\" tg-height=\"258\" referrerpolicy=\"no-referrer\"></p><p><b>Market Size of China’s Online Content Communities (in terms of revenue),2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/aee42792caf4aa2cbdcd17f757a75727\" tg-width=\"584\" tg-height=\"285\" referrerpolicy=\"no-referrer\"></p><p><b>China’s Paid Membership Market Size (in terms of revenue), 2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/77ff121d78cb1dd922d524a78570152e\" tg-width=\"520\" tg-height=\"286\" referrerpolicy=\"no-referrer\"></p><p><b>Content-commerce solutions</b></p><p>To provide integrated marketing services, the online content communities provide content-commerce solutions for content creation, content distribution, and content conversion. The company provides integrated content-commerce solutions, providing merchants and brands one-stop services for all their sales and marketing needs, from making marketing plans, facilitating content creation, assigning the most relevant content creators, to distributing to the interested users. China's content commerce solution market is expected to grow from 11.4 billion RMB in 2019 to 112.3 billion RMB in 2025, at a CAGR of 46.4%.</p><p><b>China’s Content-Commerce Solution Market Size (in terms of revenue), 2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/01a230d3fb2d4cf4aeeebfd5c3c691c3\" tg-width=\"520\" tg-height=\"269\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZH":"知乎"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141686975","content_text":"Zhihu Technology shares opened at $8.02 each on Friday, about 15.6% lower than the company’s IPO price $9.5.Zhihu IPO prices at low end of the range, valuing company at about $5.3 billion.Zhihu Inc. announced Friday the pricing of its initial public offering, at $9.50 per American depositary share, which was at the low end of the expected range. The China-based online content company offered 55 million ADS in the IPO to raise $522.5 million, while the pricing valued the company at about $5.31 billion.Zhihu has a similar business model as Quora where millions of people ask questions and exchange their views and experiences. Zhihu has become the largest online question and answer community in China.Sales BreakdownAdvertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. We estimate advertising as a percentage of revenues to gradually decline in the next five years as it is offset by the faster growing Paid Memberships and Content Commerce Solutions. We estimate advertising as a percentage of sales to decline to 34.1% in 2021 and 22.3% in 2025.Paid Memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. We have assumed Paid Membership revenues as a percentage of total revenues to increase to 31.5% in 2021 and 37.8% in 2025.Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans. We have assumed Content Commerce Solutions as a percentage of total revenue to jump from 10% in 2020 to 17.8% in 2021 and 32.3% in 2025.Gross MarginsThe company's gross margins improved from 46.6% in 2019 to 56.0% in 2020, driven by an overall improving business scalability. We have assumed further improvements in gross margins to 57.4% in 2021 and 62.3% in 2025.Total Operating Expenses and Operating MarginsTotal operating expenses as a percentage of revenues declined significantly from 204.4% in 2019 to 100.6% in 2020. We expect this ratio to improve further to 79% in 2021, 69.2% in 2022, and 57.2% in 2025. The bulk of the improvements in operating expenses is coming from lower SG&A and R&D expenses as a percentage of revenues in the next five years.Company BackgroundAt the end of 2020, Zhihu had more than 43.1 million cumulative content creators that contributed 315 million questions and answers. In 4Q 2020, the company had 75.7 million average monthly active users, up 33% YoY. One of the key strengths of the company is that it is recognized as one of the most trustworthy online content communities and regarded as providing one of the highest quality content in China. Zhihu has tried to capitalize on its large user base to provide numerous multimedia functions including live streaming, e-commerce, online education, and other video content.In August 2019, Zhihu received $434 million in funding from leading investors including Baidu and Kuaishou Technology, valuing the company at $3.5 billion. Given that the company had $97 million in sales in 2019, this would suggest a P/S valuation multiple of 36x. If we take the same P/S multiple apply to the company's 2020 sales of $207 million, this would suggest an implied valuation of $7.5 billion.Zhihu was originally developed as a question and answer online community in 2010. At the end of 2020, there were a total of 315 million Q&As spanning more than 1,000 verticals and 571,000 topics. Zhihu is one of the top five comprehensive online content communities in China, in terms of average mobile MAUs and revenue in 2020. The company uses artificial intelligence, cloud, and big data algorithms to improve the optimization of its content and services.Major Shareholders of ZhihuThe founder & CEO Zhou Yuanowns an 8.2% stake in the company (but 46.6% voting rights). Sinovation Ventures owns a 13.1% stake and Tencent Holdings Ltd. owns a 12.3% stake of Zhihu.Key DemographicsThe diagram below provides some of the key demographics of Zhihu user base. Males accounted for 56.9% of total users. People under 30 years old accounted for 78.7% of its total user base. Tier I and new tier I cities represented 52.6% of total user base. Many of the users of Zhihu are students and white collar professionals.Revenue BreakdownAdvertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. The company's advertising revenue is mainly driven by its MAUs and advertising revenue per MAU. The company's MAUs increased by 42.7% YoY to 68.5 million in 2020. The company started its online advertising business in 2016 and introduced paid content in 2018.Paid memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. Average monthly members jumped by 311.5% YoY to 2.36 million in 2020, which is a testament of an increasing number of customers that value the premium content available on Zhihu.In March 2019, the company introduced the Yan Selection membership program, making it the first payment-based questions & answers community. It provides its members with unlimited access to about 3.4 million paid content including online lectures, columns, audio books, and e-journals. This is one of the biggest strengths of the company as it shows how high quality data and content can generate serious amount of revenues and it also provides a more steady monthly revenue inflow.Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans, assigning the most relevant content creators to interested users, and facilitating content creation.China's content-commerce solution market is expected to be one of the fastest growing sectors in the next several years. According to CIC Consultancy, China's content-commerce solution market is expected to enjoy a strong CAGR growth of 46.4% from 2019 to 2025 (112.3 billion RMB).Market OpportunitiesChina’s Online Content Communities Market SizeOnline content communities refer to UGC (user generated content)-focused (including PUGC (professional user generated content) focused online content market players where content creators are also users, who are actively engaged within the communities. The content communities generally can stimulate higher level of user engagement, more interactive user experience, and enjoy lower content cost, compared to PGC (professionally generated content) players. PGC is content created by the branded company or organization.China's online content communities market size increased from 38.6 billion RMB in 2015 to 275.8 billion RMB in 2019 and is further expected to rise to 1.3 trillion RMB in 2025, representing a CAGR of 30.3% from 2019 to 2025, which is higher than the overall online content market growth.China's online content community market has more diversified monetization channels including online advertising, paid membership, content e-commerce, content-commerce solutions, virtual gifting in live streaming, online games, and online education services. In comparison, the US online content community's monetization is mainly through advertising.One of the major positives about the company is the growing trend of more Chinese consumers that are willing to pay money for higher quality content. The number of paying users in China’s online content communities is expected to increase at a CAGR of 17.1% between 2019 and 2025, which means an increase of 360.4 million extra paying users of online content communities to 588.2 million in 2025.China's Online Content MarketChina's online content market tripled from 2015 to reach 1.2 trillion RMB in 2019. This market is expected to increase to 3.7 trillion RMB in 2025, representing a CAGR of 21.4% from 2019 to 2025.China’s Online Content Market Size (in terms of revenue), 2015-2025EMarket Size of China’s Online Content Communities (in terms of revenue),2015-2025EChina’s Paid Membership Market Size (in terms of revenue), 2015-2025EContent-commerce solutionsTo provide integrated marketing services, the online content communities provide content-commerce solutions for content creation, content distribution, and content conversion. The company provides integrated content-commerce solutions, providing merchants and brands one-stop services for all their sales and marketing needs, from making marketing plans, facilitating content creation, assigning the most relevant content creators, to distributing to the interested users. China's content commerce solution market is expected to grow from 11.4 billion RMB in 2019 to 112.3 billion RMB in 2025, at a CAGR of 46.4%.China’s Content-Commerce Solution Market Size (in terms of revenue), 2015-2025E","news_type":1},"isVote":1,"tweetType":1,"viewCount":309,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":327195326,"gmtCreate":1616067402865,"gmtModify":1704790448382,"author":{"id":"3574311751638468","authorId":"3574311751638468","name":"Wesley1992","avatar":"https://static.tigerbbs.com/d969b7f80ab74be82071eb3266dfd02d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574311751638468","idStr":"3574311751638468"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/327195326","repostId":"1129139683","repostType":4,"repost":{"id":"1129139683","kind":"news","pubTimestamp":1616064309,"share":"https://ttm.financial/m/news/1129139683?lang=&edition=fundamental","pubTime":"2021-03-18 18:45","market":"us","language":"en","title":"A Peek Into The Markets: US Stock Futures Mostly Lower Ahead Of Jobless Claims Data","url":"https://stock-news.laohu8.com/highlight/detail?id=1129139683","media":"Benzinga","summary":"U.S. stock futures traded mostly lower in early pre-market trade after the Dow Jones surpassed the 3","content":"<p>U.S. stock futures traded mostly lower in early pre-market trade after the Dow Jones surpassed the 33,000 level in the previous session following comments from Federal Reserve chief Jerome Powell. Investors are awaiting earnings reports from<b>Dollar General Corp.</b>DG,<b>FedEx Corporation</b>FDX,<b>Nike Inc</b>NKEand<b>Accenture Plc</b>ACN.</p>\n<p>Data on initial jobless claims for the latest week will be released at 8:30 a.m. ET. Jobless claims are projected to decline to 700,000 for the March 13 week from 712,000 in the prior week. The Philadelphia Fed manufacturing index for March is scheduled for release at 8:30 a.m. ET, while the index of leading economic indicators for February will be released at 10:00 a.m. ET.</p>\n<p>Futures for the Dow Jones Industrial Average rose 27 points to 33,044.00 while the Standard &amp; Poor’s 500 index futures fell 16.50 points at 3,957.50. Futures for the Nasdaq 100 index fell 149.25 points to 13,052.25.</p>\n<p>The U.S. has the highest number of COVID-19 cases and deaths in the world, with total infections in the country exceeding 29,607,480 with around 538,080 deaths. Brazil confirmed over 11,693,530 cases, while India reported a total of at least 11,474,600 confirmed cases.</p>\n<p>Oil pricestraded lower as Brent crude futures fell 1% to trade at $67.30 per barrel, while US WTI crude futures fell 1.1% to trade at $67.30 a barrel. US crude oil inventories increased 2.396 million barrels for the week ended March 12, the Energy Information Administration said Wednesday. The Energy Information Administration’s weekly report on natural gas stocks in underground storage is scheduled for release at 10:30 p.m. ET.</p>\n<p><b>A Peek Into Global Markets</b></p>\n<p>European markets were mostly higher today. The Spanish Ibex Index rose 0.2% and STOXX Europe 600 Index rose 0.1%. The French CAC 40 Index rose 0.1%, German DAX 30 gained 0.7% while London's FTSE 100 fell 0.2%.</p>\n<p>Asian markets traded mixed today. Japan’s Nikkei 225 rose 1.01%, China’s Shanghai Composite gained 0.51% and Hong Kong’s Hang Seng Index rose 1.28%. Australia’s S&amp;P/ASX 200 fell 0.7%, while India’s BSE Sensex fell 1.6%. Australia's unemployment rate dropped to 5.8% in February from 6.4% a month ago.</p>\n<p><b>Broker Recommendation</b></p>\n<p>Raymond James maintained<b>Lennar Corporation</b>LENwith an Outperform and raised the price target from $90 to $105..</p>\n<p>Lennar shares rose 0.5% to $101.40 in pre-market trading.</p>\n<p><b>Breaking News</b></p>\n<ul>\n <li><b>Williams-Sonoma, Inc.</b>WSMreported stronger-than-expected results for its fourth quarter and raised its quarterly dividend. The company also announced a $1 billion buyback program.</li>\n <li><b>Five Below Inc</b>FIVEreported better-than-expected results for its fourth quarter and issued strong guidance for the first quarter.</li>\n <li><b>Adidas AG</b>ADDYYhas formed a partnership with fitness company<b>Peloton Interactive Inc.</b>PTONto create an exclusive apparel line.</li>\n <li><b>Pagerduty Inc</b>PDreported upbeat results for its fourth quarter, but issued downbeat earnings forecast for Q1 and FY21.</li>\n</ul>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>A Peek Into The Markets: US Stock Futures Mostly Lower Ahead Of Jobless Claims Data</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nA Peek Into The Markets: US Stock Futures Mostly Lower Ahead Of Jobless Claims Data\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-18 18:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/earnings/21/03/20229868/a-peek-into-the-markets-us-stock-futures-mostly-lower-ahead-of-jobless-claims-data><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. stock futures traded mostly lower in early pre-market trade after the Dow Jones surpassed the 33,000 level in the previous session following comments from Federal Reserve chief Jerome Powell. ...</p>\n\n<a href=\"https://www.benzinga.com/news/earnings/21/03/20229868/a-peek-into-the-markets-us-stock-futures-mostly-lower-ahead-of-jobless-claims-data\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","SPY":"标普500ETF",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.benzinga.com/news/earnings/21/03/20229868/a-peek-into-the-markets-us-stock-futures-mostly-lower-ahead-of-jobless-claims-data","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129139683","content_text":"U.S. stock futures traded mostly lower in early pre-market trade after the Dow Jones surpassed the 33,000 level in the previous session following comments from Federal Reserve chief Jerome Powell. Investors are awaiting earnings reports fromDollar General Corp.DG,FedEx CorporationFDX,Nike IncNKEandAccenture PlcACN.\nData on initial jobless claims for the latest week will be released at 8:30 a.m. ET. Jobless claims are projected to decline to 700,000 for the March 13 week from 712,000 in the prior week. The Philadelphia Fed manufacturing index for March is scheduled for release at 8:30 a.m. ET, while the index of leading economic indicators for February will be released at 10:00 a.m. ET.\nFutures for the Dow Jones Industrial Average rose 27 points to 33,044.00 while the Standard & Poor’s 500 index futures fell 16.50 points at 3,957.50. Futures for the Nasdaq 100 index fell 149.25 points to 13,052.25.\nThe U.S. has the highest number of COVID-19 cases and deaths in the world, with total infections in the country exceeding 29,607,480 with around 538,080 deaths. Brazil confirmed over 11,693,530 cases, while India reported a total of at least 11,474,600 confirmed cases.\nOil pricestraded lower as Brent crude futures fell 1% to trade at $67.30 per barrel, while US WTI crude futures fell 1.1% to trade at $67.30 a barrel. US crude oil inventories increased 2.396 million barrels for the week ended March 12, the Energy Information Administration said Wednesday. The Energy Information Administration’s weekly report on natural gas stocks in underground storage is scheduled for release at 10:30 p.m. ET.\nA Peek Into Global Markets\nEuropean markets were mostly higher today. The Spanish Ibex Index rose 0.2% and STOXX Europe 600 Index rose 0.1%. The French CAC 40 Index rose 0.1%, German DAX 30 gained 0.7% while London's FTSE 100 fell 0.2%.\nAsian markets traded mixed today. Japan’s Nikkei 225 rose 1.01%, China’s Shanghai Composite gained 0.51% and Hong Kong’s Hang Seng Index rose 1.28%. Australia’s S&P/ASX 200 fell 0.7%, while India’s BSE Sensex fell 1.6%. Australia's unemployment rate dropped to 5.8% in February from 6.4% a month ago.\nBroker Recommendation\nRaymond James maintainedLennar CorporationLENwith an Outperform and raised the price target from $90 to $105..\nLennar shares rose 0.5% to $101.40 in pre-market trading.\nBreaking News\n\nWilliams-Sonoma, Inc.WSMreported stronger-than-expected results for its fourth quarter and raised its quarterly dividend. The company also announced a $1 billion buyback program.\nFive Below IncFIVEreported better-than-expected results for its fourth quarter and issued strong guidance for the first quarter.\nAdidas AGADDYYhas formed a partnership with fitness companyPeloton Interactive Inc.PTONto create an exclusive apparel line.\nPagerduty IncPDreported upbeat results for its fourth quarter, but issued downbeat earnings forecast for Q1 and FY21.","news_type":1},"isVote":1,"tweetType":1,"viewCount":198,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":342168656,"gmtCreate":1618191400875,"gmtModify":1704707279007,"author":{"id":"3574311751638468","authorId":"3574311751638468","name":"Wesley1992","avatar":"https://static.tigerbbs.com/d969b7f80ab74be82071eb3266dfd02d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574311751638468","idStr":"3574311751638468"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>???","listText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>???","text":"$Palantir Technologies Inc.(PLTR)$???","images":[{"img":"https://static.tigerbbs.com/f2306f7fc68e3dce4dc703e8567372f8","width":"428","height":"735"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/342168656","isVote":1,"tweetType":1,"viewCount":910,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":352134643,"gmtCreate":1616904539382,"gmtModify":1704799870188,"author":{"id":"3574311751638468","authorId":"3574311751638468","name":"Wesley1992","avatar":"https://static.tigerbbs.com/d969b7f80ab74be82071eb3266dfd02d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574311751638468","idStr":"3574311751638468"},"themes":[],"htmlText":"Good info.&nbsp;","listText":"Good info.&nbsp;","text":"Good info.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/352134643","repostId":"1119843211","repostType":4,"repost":{"id":"1119843211","kind":"news","pubTimestamp":1616770039,"share":"https://ttm.financial/m/news/1119843211?lang=&edition=fundamental","pubTime":"2021-03-26 22:47","market":"us","language":"en","title":"‘Bitcoin could be next domino to fall as investors rush to book profit,’ says technical analyst","url":"https://stock-news.laohu8.com/highlight/detail?id=1119843211","media":"MarketWatch","summary":"Bitcoin prices were under pressure on Thursday, and the world’s No. 1 crypto could see further bearish pain in the near term if stocks continue to buckle, according to an analyst.At last check, bitcoin was changing hands at $51.743 on CoinDesk, with the asset briefly touching a low at $50,458.10 over the past 24 hours and trading around its lowest point in over two weeks.“If so, this could be further bad news for Bitcoin. The crypto has been correlating positively with risk assets over the past ","content":"<p>Bitcoin prices were under pressure on Thursday, and the world’s No. 1 crypto could see further bearish pain in the near term if stocks continue to buckle, according to an analyst.</p><p>At last check, bitcoin&nbsp;was changing hands at $51.743 on CoinDesk, with the asset briefly touching a low at $50,458.10 over the past 24 hours and trading around its lowest point in over two weeks.</p><p>Values for the crypto are off more than 11% so far this week, FactSet data show.</p><p><img src=\"https://static.tigerbbs.com/2f433365c95d3e6845d8275eea88bafc\" tg-width=\"947\" tg-height=\"654\" referrerpolicy=\"no-referrer\"></p><p>And at least one analyst fears that the crypto asset could come under pressure as a host of speculative assets have been coming under steady selling pressure so far this week. Bitcoin is often perceived as being uncorrelated with stocks and other assets but it has lately been moving in tandem with selloffs in crude-oil futures, and stocks, with declines in so-called risk assets coming as the U.S. dollar has gained some traction higher.</p><p>For that reason, Fawad&nbsp;Razaqzada, market analyst at ThinkMarkets, in a Thursday note cautioned investors to watch out for more pressure on bitcoin that could take it beneath $50,000.</p><p>“Judging by recent events, traders seem happy to be selling into the rallies rather than buying the dip. So, don’t be surprised if we see renewed weakness in the markets later on in the session,” he wrote.</p><p>“If so, this could be further bad news for Bitcoin. The crypto has been correlating positively with risk assets over the past year and if that relationship remains strong then the digital currency could follow risk assets lower,” he added.</p><p>“Even if a proper sell-off does not materialise for stocks and other risk assets today, Bitcoin traders need to proceed with caution because in recent days we have been getting more and more signs that the appetite for risk is slowly fading away across the financial markets,” he added.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>‘Bitcoin could be next domino to fall as investors rush to book profit,’ says technical analyst</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n‘Bitcoin could be next domino to fall as investors rush to book profit,’ says technical analyst\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-26 22:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/bitcoin-could-be-next-domino-to-fall-as-investors-rush-to-book-profit-says-technical-analyst-11616701631?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoin prices were under pressure on Thursday, and the world’s No. 1 crypto could see further bearish pain in the near term if stocks continue to buckle, according to an analyst.At last check, ...</p>\n\n<a href=\"https://www.marketwatch.com/story/bitcoin-could-be-next-domino-to-fall-as-investors-rush-to-book-profit-says-technical-analyst-11616701631?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SQ":"Block","PYPL":"PayPal","GBTC":"Grayscale Bitcoin Trust","TSLA":"特斯拉"},"source_url":"https://www.marketwatch.com/story/bitcoin-could-be-next-domino-to-fall-as-investors-rush-to-book-profit-says-technical-analyst-11616701631?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1119843211","content_text":"Bitcoin prices were under pressure on Thursday, and the world’s No. 1 crypto could see further bearish pain in the near term if stocks continue to buckle, according to an analyst.At last check, bitcoin was changing hands at $51.743 on CoinDesk, with the asset briefly touching a low at $50,458.10 over the past 24 hours and trading around its lowest point in over two weeks.Values for the crypto are off more than 11% so far this week, FactSet data show.And at least one analyst fears that the crypto asset could come under pressure as a host of speculative assets have been coming under steady selling pressure so far this week. Bitcoin is often perceived as being uncorrelated with stocks and other assets but it has lately been moving in tandem with selloffs in crude-oil futures, and stocks, with declines in so-called risk assets coming as the U.S. dollar has gained some traction higher.For that reason, Fawad Razaqzada, market analyst at ThinkMarkets, in a Thursday note cautioned investors to watch out for more pressure on bitcoin that could take it beneath $50,000.“Judging by recent events, traders seem happy to be selling into the rallies rather than buying the dip. So, don’t be surprised if we see renewed weakness in the markets later on in the session,” he wrote.“If so, this could be further bad news for Bitcoin. The crypto has been correlating positively with risk assets over the past year and if that relationship remains strong then the digital currency could follow risk assets lower,” he added.“Even if a proper sell-off does not materialise for stocks and other risk assets today, Bitcoin traders need to proceed with caution because in recent days we have been getting more and more signs that the appetite for risk is slowly fading away across the financial markets,” he added.","news_type":1},"isVote":1,"tweetType":1,"viewCount":378,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":350032976,"gmtCreate":1616135805095,"gmtModify":1704791390900,"author":{"id":"3574311751638468","authorId":"3574311751638468","name":"Wesley1992","avatar":"https://static.tigerbbs.com/d969b7f80ab74be82071eb3266dfd02d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574311751638468","idStr":"3574311751638468"},"themes":[],"htmlText":"Amazing","listText":"Amazing","text":"Amazing","images":[{"img":"https://static.tigerbbs.com/42b870584f074fcb4274da7902df89b3","width":"720","height":"1520"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/350032976","isVote":1,"tweetType":1,"viewCount":351,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":327195744,"gmtCreate":1616067457888,"gmtModify":1704790449900,"author":{"id":"3574311751638468","authorId":"3574311751638468","name":"Wesley1992","avatar":"https://static.tigerbbs.com/d969b7f80ab74be82071eb3266dfd02d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574311751638468","idStr":"3574311751638468"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/327195744","repostId":"2120952151","repostType":4,"repost":{"id":"2120952151","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1616063444,"share":"https://ttm.financial/m/news/2120952151?lang=&edition=fundamental","pubTime":"2021-03-18 18:30","market":"sh","language":"en","title":"Stocks cheer dovish Fed as bond rumblings return","url":"https://stock-news.laohu8.com/highlight/detail?id=2120952151","media":"Reuters","summary":"Equities climb on Fed's bullish and supportive view\nFed sees 2021 GDP growth of 6.5%, unemployment a","content":"<ul>\n <li>Equities climb on Fed's bullish and supportive view</li>\n <li>Fed sees 2021 GDP growth of 6.5%, unemployment at 4.5%</li>\n <li>Fed says will keep rates low through 2023</li>\n <li>Bonds sell off, though, with 10-year Treasury yields near 1.75%</li>\n</ul>\n<p>LONDON, March 18 (Reuters) - World share markets edged higher on Thursday after the U.S. Federal Reserve promised to keep its support in place, though another rise in global bond yields and the dollar showed not everyone was convinced.</p>\n<p>MSCI's 50-country world index was near record highs after the Fed, which had also predicted bumper U.S. growth, had lifted Wall Street and Asia overnight , and Europe opened with Germany's DAX at a record high.</p>\n<p>For traders worried about it all being snuffed out by rising borrowing costs, though, euro zone government bond yields were already tracking upward moves in benchmark 10-year U.S. Treasuries as they climbed to a 13-month high of 1.74%.</p>\n<p>That also revitalised the dollar, which had briefly dropped to a two-week low after the Fed had pushed back against speculation it could be starting to think about interest rate hikes.</p>\n<p>The U.S. central bank sees the economy growing 6.5% this year, which would be the largest jump since 1984. Inflation is expected to exceed its preferred level of 2% to 2.4%, although it is expected to drop back in subsequent years.</p>\n<p>\"I don't know what the Fed can do to stop a rise in yields that is based on stronger fundamentals,\" said BCA chief global fixed income strategist Rob Robis, pointing to the $1.9 trillion U.S. stimulus package that will drive growth.</p>\n<p>\"The path of least resistance is still towards higher yields,\" he said. \"The U.S. Treasury market leads the world and every bond market responds.\"</p>\n<p>Another day of central bank action was in store too.</p>\n<p>The Bank of Japan and Bank of England&nbsp;are both meeting, Norway signalled a possible hike this year and in emerging markets Turkey's central bank was facing a crucial test of confidence after a torrid month for the lira.</p>\n<p>The dollar index, which measures the greenback against a basket of its peers, rose as much as 0.4% to 91.671. It had dropped to 91.300 after Wednesday's Fed meeting.</p>\n<p>That eased the euro back to $1.19505 from a <a href=\"https://laohu8.com/S/AONE\">one</a>-week high of $1.19900. Against the yen, the dollar gained 0.3% to 109.120 yen .</p>\n<p>The British pound traded flat at $1.3963. The Bank of England is expected to keep its benchmark Bank Rate at a historic low of 0.1% and its bond-buying programme unchanged at 895 billion pounds.</p>\n<p>\"Similar to what we've seen from the Fed, the Bank of England will talk up their prospects of the economy relative to where we've been, but at the same time emphasize that we're still a long way from full recovery,\" said Rodrigo Catril, senior currency strategist at National Australia Bank in Sydney.</p>\n<p>The Australian dollar rose to a two-week high of $0.7849</p>\n<p>after data showed the nation's economy created more than twice as many jobs as expected in February. . Its New Zealand counterpart lost momentum, however, after the country posted a surprise contraction in fourth-quarter GDP.</p>\n<p><b>INFLATION PALPITATIONS</b></p>\n<p>Overnight, Asia-Pacific shares excluding those in Japan&nbsp;rose 0.8%. Stocks in China&nbsp;rose the same. Australia fell 0.7%.</p>\n<p>Wall Street futures were also pointing lower, with S&amp;P 500 futures down 0.4% and Nasdaq futures down over 1% , amid the pressure higher U.S. rates tend to put on tech firms with stratospheric valuations.</p>\n<p>While inflation is expected to reach 2.4% this year, Fed Chair Jerome Powell called it a \"temporary\" surge that will not change the Fed's pledge to keep its benchmark overnight interest rate near zero.</p>\n<p>With long-term Treasury yields climbing again though in Europe, the yield curve was steepening. The spread between two-year and 10-year U.S. yields , the most-keenly monitored part of the yield curve, rose to 155 basis points, the steepest since September 2015.</p>\n<p>The 10-year inflation break-even rate hit 2.3%, indicating inflation expectations are now at their highest since January 2014.</p>\n<p>The reaction in commodity markets was a small dip in Brent oil prices to $67.6 a barrel. Traders also pointed to rising U.S. crude inventories and expectations of weaker demand in Europe, where the coronavirus vaccine roll out is faltering.</p>\n<p>Gold dipped 0.3% to $1,737 per ounce.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stocks cheer dovish Fed as bond rumblings return</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStocks cheer dovish Fed as bond rumblings return\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-03-18 18:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li>Equities climb on Fed's bullish and supportive view</li>\n <li>Fed sees 2021 GDP growth of 6.5%, unemployment at 4.5%</li>\n <li>Fed says will keep rates low through 2023</li>\n <li>Bonds sell off, though, with 10-year Treasury yields near 1.75%</li>\n</ul>\n<p>LONDON, March 18 (Reuters) - World share markets edged higher on Thursday after the U.S. Federal Reserve promised to keep its support in place, though another rise in global bond yields and the dollar showed not everyone was convinced.</p>\n<p>MSCI's 50-country world index was near record highs after the Fed, which had also predicted bumper U.S. growth, had lifted Wall Street and Asia overnight , and Europe opened with Germany's DAX at a record high.</p>\n<p>For traders worried about it all being snuffed out by rising borrowing costs, though, euro zone government bond yields were already tracking upward moves in benchmark 10-year U.S. Treasuries as they climbed to a 13-month high of 1.74%.</p>\n<p>That also revitalised the dollar, which had briefly dropped to a two-week low after the Fed had pushed back against speculation it could be starting to think about interest rate hikes.</p>\n<p>The U.S. central bank sees the economy growing 6.5% this year, which would be the largest jump since 1984. Inflation is expected to exceed its preferred level of 2% to 2.4%, although it is expected to drop back in subsequent years.</p>\n<p>\"I don't know what the Fed can do to stop a rise in yields that is based on stronger fundamentals,\" said BCA chief global fixed income strategist Rob Robis, pointing to the $1.9 trillion U.S. stimulus package that will drive growth.</p>\n<p>\"The path of least resistance is still towards higher yields,\" he said. \"The U.S. Treasury market leads the world and every bond market responds.\"</p>\n<p>Another day of central bank action was in store too.</p>\n<p>The Bank of Japan and Bank of England&nbsp;are both meeting, Norway signalled a possible hike this year and in emerging markets Turkey's central bank was facing a crucial test of confidence after a torrid month for the lira.</p>\n<p>The dollar index, which measures the greenback against a basket of its peers, rose as much as 0.4% to 91.671. It had dropped to 91.300 after Wednesday's Fed meeting.</p>\n<p>That eased the euro back to $1.19505 from a <a href=\"https://laohu8.com/S/AONE\">one</a>-week high of $1.19900. Against the yen, the dollar gained 0.3% to 109.120 yen .</p>\n<p>The British pound traded flat at $1.3963. The Bank of England is expected to keep its benchmark Bank Rate at a historic low of 0.1% and its bond-buying programme unchanged at 895 billion pounds.</p>\n<p>\"Similar to what we've seen from the Fed, the Bank of England will talk up their prospects of the economy relative to where we've been, but at the same time emphasize that we're still a long way from full recovery,\" said Rodrigo Catril, senior currency strategist at National Australia Bank in Sydney.</p>\n<p>The Australian dollar rose to a two-week high of $0.7849</p>\n<p>after data showed the nation's economy created more than twice as many jobs as expected in February. . Its New Zealand counterpart lost momentum, however, after the country posted a surprise contraction in fourth-quarter GDP.</p>\n<p><b>INFLATION PALPITATIONS</b></p>\n<p>Overnight, Asia-Pacific shares excluding those in Japan&nbsp;rose 0.8%. Stocks in China&nbsp;rose the same. Australia fell 0.7%.</p>\n<p>Wall Street futures were also pointing lower, with S&amp;P 500 futures down 0.4% and Nasdaq futures down over 1% , amid the pressure higher U.S. rates tend to put on tech firms with stratospheric valuations.</p>\n<p>While inflation is expected to reach 2.4% this year, Fed Chair Jerome Powell called it a \"temporary\" surge that will not change the Fed's pledge to keep its benchmark overnight interest rate near zero.</p>\n<p>With long-term Treasury yields climbing again though in Europe, the yield curve was steepening. The spread between two-year and 10-year U.S. yields , the most-keenly monitored part of the yield curve, rose to 155 basis points, the steepest since September 2015.</p>\n<p>The 10-year inflation break-even rate hit 2.3%, indicating inflation expectations are now at their highest since January 2014.</p>\n<p>The reaction in commodity markets was a small dip in Brent oil prices to $67.6 a barrel. Traders also pointed to rising U.S. crude inventories and expectations of weaker demand in Europe, where the coronavirus vaccine roll out is faltering.</p>\n<p>Gold dipped 0.3% to $1,737 per ounce.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"159934":"黄金ETF","518880":"黄金ETF","PSQ":"纳指反向ETF","GDX":"黄金矿业ETF-VanEck","QLD":"纳指两倍做多ETF","GLD":"SPDR黄金ETF","UDOW":"道指三倍做多ETF-ProShares","IAU":"黄金信托ETF(iShares)","YCS":"日元ETF-ProShares两倍做空",".DJI":"道琼斯",".IXIC":"NASDAQ Composite","USO":"美国原油ETF","SQQQ":"纳指三倍做空ETF","DUST":"二倍做空黄金矿业指数ETF-Direxion","DWT":"三倍做空原油ETN",".SPX":"S&P 500 Index","SDOW":"道指三倍做空ETF-ProShares","QQQ":"纳指100ETF","DXD":"道指两倍做空ETF","SCO":"二倍做空彭博原油指数ETF","UCO":"二倍做多彭博原油ETF","NUGT":"二倍做多黄金矿业指数ETF-Direxion","EUO":"欧元ETF-ProShares两倍做空","DUG":"二倍做空石油与天然气ETF(ProShares)","QID":"纳指两倍做空ETF","DJX":"1/100道琼斯","DDG":"ProShares做空石油与天然气ETF","FXY":"日元ETF-CurrencyShares","DDM":"道指两倍做多ETF","FXB":"英镑ETF-CurrencyShares","TQQQ":"纳指三倍做多ETF","DOG":"道指反向ETF","FXE":"欧元做多ETF-CurrencyShares"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2120952151","content_text":"Equities climb on Fed's bullish and supportive view\nFed sees 2021 GDP growth of 6.5%, unemployment at 4.5%\nFed says will keep rates low through 2023\nBonds sell off, though, with 10-year Treasury yields near 1.75%\n\nLONDON, March 18 (Reuters) - World share markets edged higher on Thursday after the U.S. Federal Reserve promised to keep its support in place, though another rise in global bond yields and the dollar showed not everyone was convinced.\nMSCI's 50-country world index was near record highs after the Fed, which had also predicted bumper U.S. growth, had lifted Wall Street and Asia overnight , and Europe opened with Germany's DAX at a record high.\nFor traders worried about it all being snuffed out by rising borrowing costs, though, euro zone government bond yields were already tracking upward moves in benchmark 10-year U.S. Treasuries as they climbed to a 13-month high of 1.74%.\nThat also revitalised the dollar, which had briefly dropped to a two-week low after the Fed had pushed back against speculation it could be starting to think about interest rate hikes.\nThe U.S. central bank sees the economy growing 6.5% this year, which would be the largest jump since 1984. Inflation is expected to exceed its preferred level of 2% to 2.4%, although it is expected to drop back in subsequent years.\n\"I don't know what the Fed can do to stop a rise in yields that is based on stronger fundamentals,\" said BCA chief global fixed income strategist Rob Robis, pointing to the $1.9 trillion U.S. stimulus package that will drive growth.\n\"The path of least resistance is still towards higher yields,\" he said. \"The U.S. Treasury market leads the world and every bond market responds.\"\nAnother day of central bank action was in store too.\nThe Bank of Japan and Bank of England are both meeting, Norway signalled a possible hike this year and in emerging markets Turkey's central bank was facing a crucial test of confidence after a torrid month for the lira.\nThe dollar index, which measures the greenback against a basket of its peers, rose as much as 0.4% to 91.671. It had dropped to 91.300 after Wednesday's Fed meeting.\nThat eased the euro back to $1.19505 from a one-week high of $1.19900. Against the yen, the dollar gained 0.3% to 109.120 yen .\nThe British pound traded flat at $1.3963. The Bank of England is expected to keep its benchmark Bank Rate at a historic low of 0.1% and its bond-buying programme unchanged at 895 billion pounds.\n\"Similar to what we've seen from the Fed, the Bank of England will talk up their prospects of the economy relative to where we've been, but at the same time emphasize that we're still a long way from full recovery,\" said Rodrigo Catril, senior currency strategist at National Australia Bank in Sydney.\nThe Australian dollar rose to a two-week high of $0.7849\nafter data showed the nation's economy created more than twice as many jobs as expected in February. . Its New Zealand counterpart lost momentum, however, after the country posted a surprise contraction in fourth-quarter GDP.\nINFLATION PALPITATIONS\nOvernight, Asia-Pacific shares excluding those in Japan rose 0.8%. Stocks in China rose the same. Australia fell 0.7%.\nWall Street futures were also pointing lower, with S&P 500 futures down 0.4% and Nasdaq futures down over 1% , amid the pressure higher U.S. rates tend to put on tech firms with stratospheric valuations.\nWhile inflation is expected to reach 2.4% this year, Fed Chair Jerome Powell called it a \"temporary\" surge that will not change the Fed's pledge to keep its benchmark overnight interest rate near zero.\nWith long-term Treasury yields climbing again though in Europe, the yield curve was steepening. The spread between two-year and 10-year U.S. yields , the most-keenly monitored part of the yield curve, rose to 155 basis points, the steepest since September 2015.\nThe 10-year inflation break-even rate hit 2.3%, indicating inflation expectations are now at their highest since January 2014.\nThe reaction in commodity markets was a small dip in Brent oil prices to $67.6 a barrel. Traders also pointed to rising U.S. crude inventories and expectations of weaker demand in Europe, where the coronavirus vaccine roll out is faltering.\nGold dipped 0.3% to $1,737 per ounce.","news_type":1},"isVote":1,"tweetType":1,"viewCount":160,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":352134303,"gmtCreate":1616904503302,"gmtModify":1704799869865,"author":{"id":"3574311751638468","authorId":"3574311751638468","name":"Wesley1992","avatar":"https://static.tigerbbs.com/d969b7f80ab74be82071eb3266dfd02d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574311751638468","idStr":"3574311751638468"},"themes":[],"htmlText":"Omg.&nbsp;","listText":"Omg.&nbsp;","text":"Omg.","images":[{"img":"https://static.tigerbbs.com/eabafb7bdd88e7f23ed5ebd20754eab4","width":"1080","height":"2400"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/352134303","isVote":1,"tweetType":1,"viewCount":339,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":358957030,"gmtCreate":1616655712920,"gmtModify":1704796975870,"author":{"id":"3574311751638468","authorId":"3574311751638468","name":"Wesley1992","avatar":"https://static.tigerbbs.com/d969b7f80ab74be82071eb3266dfd02d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574311751638468","idStr":"3574311751638468"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/358957030","repostId":"358951447","repostType":1,"repost":{"id":358951447,"gmtCreate":1616655041289,"gmtModify":1704796968398,"author":{"id":"3503452965237041","authorId":"3503452965237041","name":"美股研究社","avatar":"https://static.tigerbbs.com/a239c7906133df1f3817d0746a8a0ba1","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3503452965237041","idStr":"3503452965237041"},"themes":[],"title":"看好Costco前景，Oppenheimer維持其“增持”評級至370美元","htmlText":"美股研究社消息，The Fly獲悉，Oppenheimer分析師Rupesh Parikh將<a target=\"_blank\" href=\"https://laohu8.com/S/COST\">$好市多(COST)$</a>&nbsp;的目標價從350美元上調至370美元，並保持對該股的增持評級。這位分析師表示，在過去幾周，他開始看到好市多旅遊需求飆升的明顯跡象，包括在鳳凰城和坦帕等市場預訂租車面臨挑戰，他在搜索時發現這些市場沒有車位。帕裏克補充說，從剛剛過去的這個週末到本週，costcotravel.com上有一條橫幅信息，稱該公司正在經歷一個非常大的電話量。最近疫苗接種方面的發展和進展使他對隨着時間的推移完全恢復諸如旅行和燃料等輔助服務更有信心。 本文來源：美股研究社，轉載請註明版權","listText":"美股研究社消息，The Fly獲悉，Oppenheimer分析師Rupesh Parikh將<a target=\"_blank\" href=\"https://laohu8.com/S/COST\">$好市多(COST)$</a>&nbsp;的目標價從350美元上調至370美元，並保持對該股的增持評級。這位分析師表示，在過去幾周，他開始看到好市多旅遊需求飆升的明顯跡象，包括在鳳凰城和坦帕等市場預訂租車面臨挑戰，他在搜索時發現這些市場沒有車位。帕裏克補充說，從剛剛過去的這個週末到本週，costcotravel.com上有一條橫幅信息，稱該公司正在經歷一個非常大的電話量。最近疫苗接種方面的發展和進展使他對隨着時間的推移完全恢復諸如旅行和燃料等輔助服務更有信心。 本文來源：美股研究社，轉載請註明版權","text":"美股研究社消息，The Fly獲悉，Oppenheimer分析師Rupesh Parikh將$好市多(COST)$ 的目標價從350美元上調至370美元，並保持對該股的增持評級。這位分析師表示，在過去幾周，他開始看到好市多旅遊需求飆升的明顯跡象，包括在鳳凰城和坦帕等市場預訂租車面臨挑戰，他在搜索時發現這些市場沒有車位。帕裏克補充說，從剛剛過去的這個週末到本週，costcotravel.com上有一條橫幅信息，稱該公司正在經歷一個非常大的電話量。最近疫苗接種方面的發展和進展使他對隨着時間的推移完全恢復諸如旅行和燃料等輔助服務更有信心。 本文來源：美股研究社，轉載請註明版權","images":[{"img":"https://static.tigerbbs.com/736e2b0b89b7c5bf4e74b6b787fb2b24","width":"499","height":"333"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/358951447","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":312,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":359640592,"gmtCreate":1616397644416,"gmtModify":1704793473299,"author":{"id":"3574311751638468","authorId":"3574311751638468","name":"Wesley1992","avatar":"https://static.tigerbbs.com/d969b7f80ab74be82071eb3266dfd02d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574311751638468","idStr":"3574311751638468"},"themes":[],"htmlText":"https://www.reuters.com/article/us-tesla-ark-invest-idUSKBN2BC0O9&nbsp;","listText":"https://www.reuters.com/article/us-tesla-ark-invest-idUSKBN2BC0O9&nbsp;","text":"https://www.reuters.com/article/us-tesla-ark-invest-idUSKBN2BC0O9","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/359640592","isVote":1,"tweetType":1,"viewCount":434,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324119316,"gmtCreate":1615973394835,"gmtModify":1704789116295,"author":{"id":"3574311751638468","authorId":"3574311751638468","name":"Wesley1992","avatar":"https://static.tigerbbs.com/d969b7f80ab74be82071eb3266dfd02d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574311751638468","idStr":"3574311751638468"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/324119316","repostId":"1127014629","repostType":4,"repost":{"id":"1127014629","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1615961668,"share":"https://ttm.financial/m/news/1127014629?lang=&edition=fundamental","pubTime":"2021-03-17 14:14","market":"us","language":"en","title":"Back to the '70s as Fed fuels boom and hopes for no Burns marks","url":"https://stock-news.laohu8.com/highlight/detail?id=1127014629","media":"Reuters","summary":"Federal Reserve officials are due to issue new economic projections on Wednesday, with GDP growth li","content":"<p>Federal Reserve officials are due to issue new economic projections on Wednesday, with GDP growth likely to be a blow-out number that sets the stage for an historic experiment by U.S. central bank policymakers.</p>\n<p>Fed Chair Jerome Powell and his colleagues are betting the economy can take off from the COVID-19 pandemic without generating excessive inflation, and have vowed to keep interest rates at rock-bottom levels and a spigot of money flowing for an extended period as they lean into a potential economic boom in a way not seen since the early 1970s.</p>\n<p>In each of the quarterly forecasts released since June, the median GDP growth projection of Fed officials has been slightly above the median of private forecasters polled by Reuters. If that holds, it would translate into expected growth this year of more than 6.2% - the highest annual rate in 37 years.</p>\n<p>But when they issue their policy statement at the end of a two-day meeting on Wednesday, Fed officials are expected to restate what they’ve promised for months now: to keep the central bank’s benchmark overnight interest rate near zero and cash flowing into the economy until Americans are back to work, trusting that inflation will remain contained, as it has been for about 30 years.</p>\n<p>The economic projections and policy statement are scheduled to be released at 2 p.m. EDT (1800 GMT). Powell will hold a news conference shortly after, an event that could prove tricky for the Fed chief.</p>\n<p>Markets predict the Fed may be forced to act sooner than expected. Some policymakers could even hint at that if new projections show more of them anticipate a rate increase sometime in 2023, rather than a year or more later.</p>\n<p>If a majority see a 2023 hike, “Powell will have his work cut out for him” explaining how that meshes with a promise to get the economy back to full employment before reducing the crisis support rolled out when the pandemic struck, Tim Duy, chief U.S. economist for SGH Macro Advisors, wrote this week.</p>\n<p>Still, investors are already betting on earlier hikes, and some economists are also raising a red flag along with their forecasts. Morgan Stanley, among the more bullish in predicting the economy will have fully escaped its pandemic hole by September, sees the Fed’s approach producing a “hotter but shorter” business cycle that is likely to prompt it to tighten monetary policy early next year.</p>\n<p>The coming cycle would be less like the last three expansions - the one ended by the pandemic lasted a decade - and more like the period after World War Two when the intervals between recessions were shorter and intervening growth stronger.</p>\n<p>That epoch ended when then-President Richard Nixon encouraged loose monetary policy ahead of his 1972 re-election. Arthur Burns, who was the Fed chief at the time, kept interest rates low as the economy accelerated, and is often blamed for the ensuing rampant inflation that dogged the country for a decade.</p>\n<p>This time is different, Fed officials argue. Indeed, Powell’s legacy may hinge on whether inflation remains tame as the economy recovers, or whether prices spike, forcing the central bank to pull back its support - perhaps with millions of Americans still out of work.</p>\n<p>Their arguments are well-rehearsed. Inflation and unemployment don’t behave as they used to; lower levels of joblessness can now coexist with low inflation.</p>\n<p>The Fed made substantial changes to its policy statement last year encompassing that thinking, and the guidance issued in December is expected to hold for now. It pledged to continue its monthly $120 billion of bond purchases until there was “substantial further progress” towards full employment and 2% inflation. Moreover, it said interest rates would not increase until those goals were actually met.</p>\n<p>None of those things have happened yet, a point Powell has stressed recently and will likely again on Wednesday. The economy remains about 9 million jobs short of its pre-pandemic level; the Fed’s preferred measure of inflation, at 1.5%, is well short of its goal; a new index of slow-moving inflation expectations is also below target.</p>\n<p><b>‘CLEAR-EYED’</b></p>\n<p>Still, it is a pivotal moment as Fed officials issue forecasts incorporating a bounty of new information.</p>\n<p>Since their December projections, more than 100 million COVID-19 vaccines have been administered in the United States and daily deaths due to the virus have fallen by two-thirds. Optimism has spiked, and states have begun lifting restrictions on businesses and reopening schools. Washington also has approved two new relief packages worth about $2.8 trillion, money now rolling into household and business bank accounts.</p>\n<p>Much has changed since the Burns era, when wages and inflation were tightly linked, the economy relied more on manufacturing and imported oil, and unforeseen shocks from an oil embargo were just ahead. [Related graphic:here]</p>\n<p>The Fed’s new approach, moreover, isn’t an in-the-moment response to political pressure, but a policy shift meant to reflect changes in the economy officials spent years studying.</p>\n<p>With an emphasis on job creation and downplaying inflation, the new framework seemed well suited for the job market crisis spawned by the pandemic. The issue now is how it meshes with an economy that may recover faster than thought possible.</p>\n<p>Analysts at BlackRock have praised the Fed for being “clear-eyed” about the economy’s problems during the pandemic and in its response to it.</p>\n<p>But, wrote Rick Rieder, BlackRock’s chief investment officer of global fixed income, “at some point, the financial stability risks that emanate from an extremely low policy rate, coupled with the real economy boom that we expect, could in fact force the Fed’s hand.”</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Back to the '70s as Fed fuels boom and hopes for no Burns marks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBack to the '70s as Fed fuels boom and hopes for no Burns marks\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-03-17 14:14</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Federal Reserve officials are due to issue new economic projections on Wednesday, with GDP growth likely to be a blow-out number that sets the stage for an historic experiment by U.S. central bank policymakers.</p>\n<p>Fed Chair Jerome Powell and his colleagues are betting the economy can take off from the COVID-19 pandemic without generating excessive inflation, and have vowed to keep interest rates at rock-bottom levels and a spigot of money flowing for an extended period as they lean into a potential economic boom in a way not seen since the early 1970s.</p>\n<p>In each of the quarterly forecasts released since June, the median GDP growth projection of Fed officials has been slightly above the median of private forecasters polled by Reuters. If that holds, it would translate into expected growth this year of more than 6.2% - the highest annual rate in 37 years.</p>\n<p>But when they issue their policy statement at the end of a two-day meeting on Wednesday, Fed officials are expected to restate what they’ve promised for months now: to keep the central bank’s benchmark overnight interest rate near zero and cash flowing into the economy until Americans are back to work, trusting that inflation will remain contained, as it has been for about 30 years.</p>\n<p>The economic projections and policy statement are scheduled to be released at 2 p.m. EDT (1800 GMT). Powell will hold a news conference shortly after, an event that could prove tricky for the Fed chief.</p>\n<p>Markets predict the Fed may be forced to act sooner than expected. Some policymakers could even hint at that if new projections show more of them anticipate a rate increase sometime in 2023, rather than a year or more later.</p>\n<p>If a majority see a 2023 hike, “Powell will have his work cut out for him” explaining how that meshes with a promise to get the economy back to full employment before reducing the crisis support rolled out when the pandemic struck, Tim Duy, chief U.S. economist for SGH Macro Advisors, wrote this week.</p>\n<p>Still, investors are already betting on earlier hikes, and some economists are also raising a red flag along with their forecasts. Morgan Stanley, among the more bullish in predicting the economy will have fully escaped its pandemic hole by September, sees the Fed’s approach producing a “hotter but shorter” business cycle that is likely to prompt it to tighten monetary policy early next year.</p>\n<p>The coming cycle would be less like the last three expansions - the one ended by the pandemic lasted a decade - and more like the period after World War Two when the intervals between recessions were shorter and intervening growth stronger.</p>\n<p>That epoch ended when then-President Richard Nixon encouraged loose monetary policy ahead of his 1972 re-election. Arthur Burns, who was the Fed chief at the time, kept interest rates low as the economy accelerated, and is often blamed for the ensuing rampant inflation that dogged the country for a decade.</p>\n<p>This time is different, Fed officials argue. Indeed, Powell’s legacy may hinge on whether inflation remains tame as the economy recovers, or whether prices spike, forcing the central bank to pull back its support - perhaps with millions of Americans still out of work.</p>\n<p>Their arguments are well-rehearsed. Inflation and unemployment don’t behave as they used to; lower levels of joblessness can now coexist with low inflation.</p>\n<p>The Fed made substantial changes to its policy statement last year encompassing that thinking, and the guidance issued in December is expected to hold for now. It pledged to continue its monthly $120 billion of bond purchases until there was “substantial further progress” towards full employment and 2% inflation. Moreover, it said interest rates would not increase until those goals were actually met.</p>\n<p>None of those things have happened yet, a point Powell has stressed recently and will likely again on Wednesday. The economy remains about 9 million jobs short of its pre-pandemic level; the Fed’s preferred measure of inflation, at 1.5%, is well short of its goal; a new index of slow-moving inflation expectations is also below target.</p>\n<p><b>‘CLEAR-EYED’</b></p>\n<p>Still, it is a pivotal moment as Fed officials issue forecasts incorporating a bounty of new information.</p>\n<p>Since their December projections, more than 100 million COVID-19 vaccines have been administered in the United States and daily deaths due to the virus have fallen by two-thirds. Optimism has spiked, and states have begun lifting restrictions on businesses and reopening schools. Washington also has approved two new relief packages worth about $2.8 trillion, money now rolling into household and business bank accounts.</p>\n<p>Much has changed since the Burns era, when wages and inflation were tightly linked, the economy relied more on manufacturing and imported oil, and unforeseen shocks from an oil embargo were just ahead. [Related graphic:here]</p>\n<p>The Fed’s new approach, moreover, isn’t an in-the-moment response to political pressure, but a policy shift meant to reflect changes in the economy officials spent years studying.</p>\n<p>With an emphasis on job creation and downplaying inflation, the new framework seemed well suited for the job market crisis spawned by the pandemic. The issue now is how it meshes with an economy that may recover faster than thought possible.</p>\n<p>Analysts at BlackRock have praised the Fed for being “clear-eyed” about the economy’s problems during the pandemic and in its response to it.</p>\n<p>But, wrote Rick Rieder, BlackRock’s chief investment officer of global fixed income, “at some point, the financial stability risks that emanate from an extremely low policy rate, coupled with the real economy boom that we expect, could in fact force the Fed’s hand.”</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127014629","content_text":"Federal Reserve officials are due to issue new economic projections on Wednesday, with GDP growth likely to be a blow-out number that sets the stage for an historic experiment by U.S. central bank policymakers.\nFed Chair Jerome Powell and his colleagues are betting the economy can take off from the COVID-19 pandemic without generating excessive inflation, and have vowed to keep interest rates at rock-bottom levels and a spigot of money flowing for an extended period as they lean into a potential economic boom in a way not seen since the early 1970s.\nIn each of the quarterly forecasts released since June, the median GDP growth projection of Fed officials has been slightly above the median of private forecasters polled by Reuters. If that holds, it would translate into expected growth this year of more than 6.2% - the highest annual rate in 37 years.\nBut when they issue their policy statement at the end of a two-day meeting on Wednesday, Fed officials are expected to restate what they’ve promised for months now: to keep the central bank’s benchmark overnight interest rate near zero and cash flowing into the economy until Americans are back to work, trusting that inflation will remain contained, as it has been for about 30 years.\nThe economic projections and policy statement are scheduled to be released at 2 p.m. EDT (1800 GMT). Powell will hold a news conference shortly after, an event that could prove tricky for the Fed chief.\nMarkets predict the Fed may be forced to act sooner than expected. Some policymakers could even hint at that if new projections show more of them anticipate a rate increase sometime in 2023, rather than a year or more later.\nIf a majority see a 2023 hike, “Powell will have his work cut out for him” explaining how that meshes with a promise to get the economy back to full employment before reducing the crisis support rolled out when the pandemic struck, Tim Duy, chief U.S. economist for SGH Macro Advisors, wrote this week.\nStill, investors are already betting on earlier hikes, and some economists are also raising a red flag along with their forecasts. Morgan Stanley, among the more bullish in predicting the economy will have fully escaped its pandemic hole by September, sees the Fed’s approach producing a “hotter but shorter” business cycle that is likely to prompt it to tighten monetary policy early next year.\nThe coming cycle would be less like the last three expansions - the one ended by the pandemic lasted a decade - and more like the period after World War Two when the intervals between recessions were shorter and intervening growth stronger.\nThat epoch ended when then-President Richard Nixon encouraged loose monetary policy ahead of his 1972 re-election. Arthur Burns, who was the Fed chief at the time, kept interest rates low as the economy accelerated, and is often blamed for the ensuing rampant inflation that dogged the country for a decade.\nThis time is different, Fed officials argue. Indeed, Powell’s legacy may hinge on whether inflation remains tame as the economy recovers, or whether prices spike, forcing the central bank to pull back its support - perhaps with millions of Americans still out of work.\nTheir arguments are well-rehearsed. Inflation and unemployment don’t behave as they used to; lower levels of joblessness can now coexist with low inflation.\nThe Fed made substantial changes to its policy statement last year encompassing that thinking, and the guidance issued in December is expected to hold for now. It pledged to continue its monthly $120 billion of bond purchases until there was “substantial further progress” towards full employment and 2% inflation. Moreover, it said interest rates would not increase until those goals were actually met.\nNone of those things have happened yet, a point Powell has stressed recently and will likely again on Wednesday. The economy remains about 9 million jobs short of its pre-pandemic level; the Fed’s preferred measure of inflation, at 1.5%, is well short of its goal; a new index of slow-moving inflation expectations is also below target.\n‘CLEAR-EYED’\nStill, it is a pivotal moment as Fed officials issue forecasts incorporating a bounty of new information.\nSince their December projections, more than 100 million COVID-19 vaccines have been administered in the United States and daily deaths due to the virus have fallen by two-thirds. Optimism has spiked, and states have begun lifting restrictions on businesses and reopening schools. Washington also has approved two new relief packages worth about $2.8 trillion, money now rolling into household and business bank accounts.\nMuch has changed since the Burns era, when wages and inflation were tightly linked, the economy relied more on manufacturing and imported oil, and unforeseen shocks from an oil embargo were just ahead. [Related graphic:here]\nThe Fed’s new approach, moreover, isn’t an in-the-moment response to political pressure, but a policy shift meant to reflect changes in the economy officials spent years studying.\nWith an emphasis on job creation and downplaying inflation, the new framework seemed well suited for the job market crisis spawned by the pandemic. The issue now is how it meshes with an economy that may recover faster than thought possible.\nAnalysts at BlackRock have praised the Fed for being “clear-eyed” about the economy’s problems during the pandemic and in its response to it.\nBut, wrote Rick Rieder, BlackRock’s chief investment officer of global fixed income, “at some point, the financial stability risks that emanate from an extremely low policy rate, coupled with the real economy boom that we expect, could in fact force the Fed’s hand.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":209,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324110730,"gmtCreate":1615973374420,"gmtModify":1704789115650,"author":{"id":"3574311751638468","authorId":"3574311751638468","name":"Wesley1992","avatar":"https://static.tigerbbs.com/d969b7f80ab74be82071eb3266dfd02d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574311751638468","idStr":"3574311751638468"},"themes":[],"htmlText":"Good read&nbsp;","listText":"Good read&nbsp;","text":"Good read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/324110730","repostId":"1180242005","repostType":4,"isVote":1,"tweetType":1,"viewCount":246,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324132337,"gmtCreate":1615972824929,"gmtModify":1704789110298,"author":{"id":"3574311751638468","authorId":"3574311751638468","name":"Wesley1992","avatar":"https://static.tigerbbs.com/d969b7f80ab74be82071eb3266dfd02d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574311751638468","idStr":"3574311751638468"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/324132337","repostId":"1115896438","repostType":4,"repost":{"id":"1115896438","kind":"news","pubTimestamp":1615970581,"share":"https://ttm.financial/m/news/1115896438?lang=&edition=fundamental","pubTime":"2021-03-17 16:43","market":"us","language":"en","title":"Tilray: Wait A Little Longer","url":"https://stock-news.laohu8.com/highlight/detail?id=1115896438","media":"seekingalpha","summary":"Summary\n\nValuation still high prior to Aphria merger.\nHigher interest rates have hurt growth names.\n","content":"<p><b>Summary</b></p>\n<ul>\n <li>Valuation still high prior to Aphria merger.</li>\n <li>Higher interest rates have hurt growth names.</li>\n <li>Another meaningful capital raise likely needed.</li>\n</ul>\n<p>If you like roller coasters, then Canadian cannabis firm Tilray (TLRY) is definitely a stock for you. In less than three years, the stock has had some of the craziest moves you will ever see, as investor sentiment in this space has swung from one end of the spectrum to another. As we get closer to the company's big merger with Aphria (APHA), I'm here today to suggest investors be patient with the name and wait for a better buying opportunity.</p>\n<p>For those unfamiliar with Tilray, the cannabis firm went public at $17 a share in 2018 and the hopes of tremendous growth sent the stock to $300 before the bubble crashed. A number of&nbsp;bad earnings reports&nbsp;that featured large losses and cash burn took the air out of the bubble quickly and resulted in multiple capital raises.</p>\n<p>Shares were below $2.50 last year during the height of the pandemic, but they rallied back with the market and gained some favor when Democrats swept US elections, raising hopes of making pot use legal in the US. The recent retail investor mania and some short squeezing sent the stock back into the high $60s, but shares finished Tuesday at around $27.</p>\n<p>Tilray is in the process of merging with Aphria, a deal that is expected to close in the next couple of months. As the graphic below shows, the deal is supposed to create the largest name in this space by revenue. One major hope is that over $80 million worth of pre-tax cost synergies can be achieved over the two years following the deal's closing, helping these names to reduce their combined losses. When the merger was announced, Tilray shareholders were slated to own 38% of the combined entity, with Aphria holders getting a majority of the business.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8b29adcea757734c12064d61109cc056\" tg-width=\"640\" tg-height=\"345\"><span>Source: Merger presentation</span></p>\n<p>The merger notes showed a pro forma combined cash balance of $454 million based on exchange rates at that time. However, that number doesn't include another quarter of cash burn or Tilray's warrant exercise that has brought in $75 million and could bring in a bit more in the near term. The problem is that Tilray in 2020&nbsp;showed cash burn&nbsp;of about $174 million, while Aphria's results for the six months ending November 30th&nbsp;showed cash burn&nbsp;of $103 million. These figures don't include acquisitions, and both these names have been on buying sprees in recent years. It would not surprise me to see at least one meaningful capital raise done in the coming quarters, which will likely put some pressure on shares.</p>\n<p>The other problem here is in regards to valuation. Based on a little more than $1 billion in revenues generated annually between the two through the middle of 2022 and some projected dilution, the combined entity goes for around 12 times sales. That's a major premium to pay given tremendous losses and cash burn. I also bring that up because growth names at high valuations have lost a lot of favor with interest rates on the rise. With the 10-Year US Treasury potentially set to rise to a 2.00% yield, growth names will be hit more and capital raises will be more expensive.</p>\n<p>I should also point out that Tilray analysts&nbsp;currently see the stock&nbsp;as worth $22 a share, which implies $5 of downside from current levels. Aphria analysts see even more downside for that name, but it's possible some of those targets may not have been adjusted recently due to the merger, so let's discount that one for now. On a technical basis, Tilray shares were able to hold their 50-day moving average (in purple below) recently. However, if this key level is lost, the next critical level of support is the 100-day, which is another third lower than the 50-day right now.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b8b5fabb528fa5478b83d469b797edf1\" tg-width=\"640\" tg-height=\"271\"><span>Source: Yahoo! Finance</span></p>\n<p>I would certainly be willing to re-evaluate the combined entity in a few months once the merger is complete. I also think I could change my overall stance on shares if they were to come down towards that average analyst target and closer to key support levels. There is certainly potential for this name in the long term if it can approach $2 billion in annual revenues while getting closer to overall profitability and positive free cash flow, but we're not anywhere near that point right now. Perhaps six months from now the name will look a bit different once synergies start to kick in and the balance sheet is in better shape assuming a large capital raise happens.</p>\n<p>While Tilray shares have lost more than half of their value from their second major run recently, I don't think investors should jump in just yet. The upcoming merger with Aphria will create a leader in this space, but combined losses and cash burn likely will require a bit more capital in the coming quarters. With US interest rates on the rise providing a major headwind to high growth names like Tilray that trade at substantial price to sales multiples, another leg down from here would not be surprising.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tilray: Wait A Little Longer</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTilray: Wait A Little Longer\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-17 16:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4414458-tilray-wait-little-longer><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nValuation still high prior to Aphria merger.\nHigher interest rates have hurt growth names.\nAnother meaningful capital raise likely needed.\n\nIf you like roller coasters, then Canadian cannabis...</p>\n\n<a href=\"https://seekingalpha.com/article/4414458-tilray-wait-little-longer\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TLRY":"Tilray Inc."},"source_url":"https://seekingalpha.com/article/4414458-tilray-wait-little-longer","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1115896438","content_text":"Summary\n\nValuation still high prior to Aphria merger.\nHigher interest rates have hurt growth names.\nAnother meaningful capital raise likely needed.\n\nIf you like roller coasters, then Canadian cannabis firm Tilray (TLRY) is definitely a stock for you. In less than three years, the stock has had some of the craziest moves you will ever see, as investor sentiment in this space has swung from one end of the spectrum to another. As we get closer to the company's big merger with Aphria (APHA), I'm here today to suggest investors be patient with the name and wait for a better buying opportunity.\nFor those unfamiliar with Tilray, the cannabis firm went public at $17 a share in 2018 and the hopes of tremendous growth sent the stock to $300 before the bubble crashed. A number of bad earnings reports that featured large losses and cash burn took the air out of the bubble quickly and resulted in multiple capital raises.\nShares were below $2.50 last year during the height of the pandemic, but they rallied back with the market and gained some favor when Democrats swept US elections, raising hopes of making pot use legal in the US. The recent retail investor mania and some short squeezing sent the stock back into the high $60s, but shares finished Tuesday at around $27.\nTilray is in the process of merging with Aphria, a deal that is expected to close in the next couple of months. As the graphic below shows, the deal is supposed to create the largest name in this space by revenue. One major hope is that over $80 million worth of pre-tax cost synergies can be achieved over the two years following the deal's closing, helping these names to reduce their combined losses. When the merger was announced, Tilray shareholders were slated to own 38% of the combined entity, with Aphria holders getting a majority of the business.\nSource: Merger presentation\nThe merger notes showed a pro forma combined cash balance of $454 million based on exchange rates at that time. However, that number doesn't include another quarter of cash burn or Tilray's warrant exercise that has brought in $75 million and could bring in a bit more in the near term. The problem is that Tilray in 2020 showed cash burn of about $174 million, while Aphria's results for the six months ending November 30th showed cash burn of $103 million. These figures don't include acquisitions, and both these names have been on buying sprees in recent years. It would not surprise me to see at least one meaningful capital raise done in the coming quarters, which will likely put some pressure on shares.\nThe other problem here is in regards to valuation. Based on a little more than $1 billion in revenues generated annually between the two through the middle of 2022 and some projected dilution, the combined entity goes for around 12 times sales. That's a major premium to pay given tremendous losses and cash burn. I also bring that up because growth names at high valuations have lost a lot of favor with interest rates on the rise. With the 10-Year US Treasury potentially set to rise to a 2.00% yield, growth names will be hit more and capital raises will be more expensive.\nI should also point out that Tilray analysts currently see the stock as worth $22 a share, which implies $5 of downside from current levels. Aphria analysts see even more downside for that name, but it's possible some of those targets may not have been adjusted recently due to the merger, so let's discount that one for now. On a technical basis, Tilray shares were able to hold their 50-day moving average (in purple below) recently. However, if this key level is lost, the next critical level of support is the 100-day, which is another third lower than the 50-day right now.\nSource: Yahoo! Finance\nI would certainly be willing to re-evaluate the combined entity in a few months once the merger is complete. I also think I could change my overall stance on shares if they were to come down towards that average analyst target and closer to key support levels. There is certainly potential for this name in the long term if it can approach $2 billion in annual revenues while getting closer to overall profitability and positive free cash flow, but we're not anywhere near that point right now. Perhaps six months from now the name will look a bit different once synergies start to kick in and the balance sheet is in better shape assuming a large capital raise happens.\nWhile Tilray shares have lost more than half of their value from their second major run recently, I don't think investors should jump in just yet. The upcoming merger with Aphria will create a leader in this space, but combined losses and cash burn likely will require a bit more capital in the coming quarters. With US interest rates on the rise providing a major headwind to high growth names like Tilray that trade at substantial price to sales multiples, another leg down from here would not be surprising.","news_type":1},"isVote":1,"tweetType":1,"viewCount":292,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}